RESULTS BAHAMAS REGISTERED STOCK
INITIAL PUBLIC OFFERING - NOVEMBER 2020
On behalf of The Bahamas Government, the Central Bank facilitated a $26.5 million Initial Public Offerings (IPO) of Bahamas Registered Stock (BRS) for value November 17, 2020. The offering, which was over-subscribed, consisted of benchmark tenors and included grow/shrink options at the tenor and offer levels to accommodate market demand. Details of the offering’s results are tabled below:
Security ID |
Coupon Rate |
Initial Distribution |
Final Distribution |
BGR141023 |
3.45% |
$2,000,000 |
$969,800 |
BGR141025 |
3.95% |
$1,000,000 |
$5,400,200 |
BGR141027 |
4.60% |
$1,000,000 |
$788,200 |
BGR141030 |
5.35% |
$1,500,000 |
$2,826,000 |
BGR141040 |
5.90% |
$8,000,000 |
$2,234,200 |
BGR141050 |
6.35% |
$13,000,000 |
$15,639,500 |
BGR141150 |
6.35% |
- |
$1,010,200 |
|
|
$26,500,000 |
$28,868,100 |
Please contact the Central Bank at [email protected] or 302-2620 if there are any questions.