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Notice of BRS Availability May 2018

Published: Thursday April 26th, 2018

PROSPECTUS

THE CENTRAL BANK OF THE BAHAMAS WILL RELEASE TO THE SECONDARY MARKET A PORTION OF ITS HOLDINGS IN BAHAMAS REGISTERED STOCK

2028

Security Details Secondary Market Details
Security Type: Bond Amount Released: $9,000,000
Security ID: BGRS90028 Release Opens: 7 May 2018 (9:30 a.m.)
Issuer: Bahamas Government Release Closes: 9 May 2018 (3:00 p.m.)
Registrar: Central Bank of The Bahamas Value Date: 11 May 2018
Issue Date: 10 December 2010 Last Interest Payment 10 December 2017
Maturity Date: 10 December 2028 Days Interest Due: 152
Original Tenor: 18 Years Accrued Interest per Bond $1.826255
Coupon: 4.385417% Price per Bond $100.3543
Calendar: Actual/365 Price Date: 16-Apr-18
Interest: Semiannually Face Value: $100
Unit: $100 Yield: 4.37%
    Minimum Purchase: 1 Unit ($100)

Example

You buy 100 bonds ($10,000 face value) Step 1: Calculate accrued interest (100 bonds x $1.826255 = $182.62558)

Step 2: Calculate principal cost (100 bonds x $100.3543 = $10,035.43)

Step 3: Calculate total due ($182.63 + $10,035.43 = $10,218.06)

  • Payments: Subscription amounts should be made electronically or via bank draft payable to the Central Bank of The Bahamas. CASH PAYMENTS WILL NOT BE ACCEPTED
  • Requirements: APPLICATIONS WILL BE FILLED ON A FIRST-COME-FIRST SERVED BASIS. Refunds will be made within three (3) business days following the closing date. No interest will be paid on amounts refunded.
  • Refunds: APPLICATIONS WILL BE FILLED ON A FIRST-COME-FIRST SERVED BASIS. Refunds will be made within three (3) days following the closing date. No interest will be paid on amounts refunded.

  • Application forms may be obtained from the Central Bank of The Bahamas's offices in Nassau and Freeport or from the Bank's website at www.centralbankbahamas.com

  • All queries should be sent to [email protected] Bahamas Registered Stock certificates will be available for collection on June 4, 2018

Document(s)