Bahamas Registered Stock November 2024 Benchmark Reopening Prospectus- Central Bank of the Bahamas

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Bahamas Registered Stock November 2024 Benchmark Reopening Prospectus

Published: Thursday November 7th, 2024

PROSPECTUS (Reopening)

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS

BAHAMAS REGISTERED STOCK 2027, 2029, 2031, 2034, 2044 AND 2054 ISSUE OF B$33,824,900

ISSUED UNDER

THE PUBLIC DEBT MANAGEMENT ACT, 2021

Prospectus Date: 7^th November, 2024

Issuer: Bahamas Government	Open Date: 11^th November, 2024 (9:30 a.m.)
Registrar: Central Bank of The Bahamas	Close Date: 13^th November, 2024 (3:00 p.m.)
	Auction Date: 14^th November, 2024 (9:00 a.m.-3:00 p.m.)
Organizer: Central Bank of The Bahamas	Settlement: 15^th November, 2024
Minimum: $100	First Int. Pmt: 22nd April, 2025 (short)
Increment: $100	Calendar: Actual/365

Security ID	Issue Size	Can Grow/ Shrink?	Unit Share (B$)	Tenor	Interest	Maturity	Interest
Security ID	Issue Size	Can Grow/ Shrink?	Unit Share (B$)	(Years)	Fixed	Maturity	Payment
BSBGR1791270	9,500,000	Yes	100	3	3.70%	22-Oct-27	Semi-annual
BSBGR1791296	6,000,000	Yes	100	5	4.16%	22-Oct-29	Semi-annual
BSBGR1791312	1,000,000	Yes	100	7	4.82%	22-Oct-31	Semi-annual
BSBGR1791346	6,824,900	Yes	100	10	5.57%	22-Oct-34	Semi-annual
BSBGR1791445	1,000,000	Yes	100	20	6.15%	22-Oct-44	Semi-annual
BSBGR1791544	9,500,000	Yes	100	30	6.65%	22-Oct-54	Semi-annual
	33,824,900	Yes

Instructions for participation in this Initial Public Offering are outlined below.

Non-Competitive Participation:

The minimum bid is $100 with an upper limit of B$500,000 for the non-competitive bidding option

BISX Registered Broker-Dealer Customers: Submit applications through your broker-dealer, following their instructions/guidelines.
Central Bank Customers: Prospective investors, submit application via the Bahamas Securities Portal.

Competitive Participation:

The minimum bid is $100 with no upper limit for the competitive bidding option.

BISX Registered Broker-Dealer Customers: Submit applications through your respective broker-dealer, following the instructions/guidelines.
Central Bank Customers: Prospective investors wishing to bid competitively should contact the Bank via email to [email protected] or via telephone at (242) 302-2620.

Allocation: Initial Public Offerings will no longer prioritize bids for “individual” investors. Instead, the bid allocation process will consider (1) the bid value, (2) the total value of all valid bids, and (3) the total offering amount. The methodology will prorate allocations across all bidders (individuals and institutions). In some cases, when offers are oversubscribed, very low-value bids are less likely to receive allocations.

Grow/Shrink: Each security in this offering has the capacity to grow or shrink based on the total subscriptions received for each tenor. The entire offer also has the capacity to grow or shrink, commensurate with overall demand. The issuer maintains the right to cap the offer at its sole discretion.

New Institutional Investors:

New institutional investors may participate through a BISX registered broker-dealer, a list of which may be found at: https://bisxbahamas.com/broker-dealers/.

Bahamas Registered Stock