Bahamas Registered Stock Secondary Market Offering Prospectus - August 2019

Published: Thursday August 22nd, 2019

Secondary Market Release Term Sheet

Bahamas Registered Stock 2025

Terms Released: 16 August 2019

Security DetailsSecondary Market Details
Security Type:BondAmount Released:$4,470,000
Security ID:BGR105025Release Opens:22 August 2019 (9:30 a.m.)
Issuer:Bahamas GovernmentRelease Closes:23 August 2019 (3:00 p.m.)
Registrar:Central Bank of The BahamasValue Date:26 August 2019
Issue Date:25 July 2016Last Interest Payment:25 July 2019
Maturity Date:25 July 2025Days Interest Due:32
Original Tenor:9 YearsAccrued Interest per Bond:$0.385753
Coupon:4.40%Price per Bond:$103.8691
Calendar:Actual/365Price Date:15-Aug-19
Interest:SemiannuallyFace Value:$100
Unit:$100Yield:3.67%
  Minimum Purchase:1 Unit ($100) 

The security's offering's allocation will be on a "first come, first serve" basis.
The Central Bank reserves the right to offer additional securities for sale in the event of an oversubscription.

Example

You buy 100 bonds ($10,000 face value)

Step 1: Calculate accrued interest (100 bonds x $0.385753 = $38.58)

Step 2: Calculate principal cost (100 bonds x $103.8691 = $10,386.91)

Step 3: Calculate total due ($38.58 + $10,386.91 = $10,425.49)


Secondary Market Release Term Sheet

Bahamas Registered Stock 2027

Terms Released: 16 August 2019

Security DetailsSecondary Market Details
Security Type:BondAmount Released:$3,810,800
Security ID:BGR120027Release Opens:22 August 2019 (9:30 a.m.)
Issuer:Bahamas GovernmentRelease Closes:23 August 2019 (3:00 p.m.)
Registrar:Central Bank of The BahamasValue Date:26 August 2019
Issue Date:15 December 2017Last Interest Payment:15 June 2019
Maturity Date:15 December 2027Days Interest Due:72
Original Tenor:10 YearsAccrued Interest per Bond:$0.950795
Coupon:4.82%Price per Bond:$104.2767
Calendar:Actual/365Price Date:15-Aug-19
Interest:SemiannuallyFace Value:$100
Unit:$100Yield:4.21%
  Minimum Purchase:1 Unit ($100)

The security's offering's allocation will be on a "first come, first serve" basis.
The Central Bank reserves the right to offer additional securities for sale in the event of an oversubscription.

Example

You buy 100 bonds ($10,000 face value)

Step 1: Calculate accrued interest (100 bonds x $0.950795 = $95.08)

Step 2: Calculate principal cost (100 bonds x $104.4.2767 = $10,427.67)

Step 3: Calculate total due ($95.08 + $10,427.67 = $10,522.75)


Secondary Market Release Term Sheet

Bahamas Registered Stock 2036

Terms Released: 16 August 2019

Security DetailsSecondary Market Details
Security Type:BondAmount Released:$2,185,600
Security ID:BGR109036Release Opens:22 August 2019 (9:30 a.m.)
Issuer:Bahamas GovernmentRelease Closes:23 August 2019 (3:00 p.m.)
Registrar:Central Bank of The BahamasValue Date:26 August 2019
Issue Date:3 October 2016Last Interest Payment:3 April 2019
Maturity Date:3 October 2036Days Interest Due:145
Original Tenor:20 YearsAccrued Interest per Bond:$2.145205
Coupon:5.40%Price per Bond:$104.5464
Calendar:Actual/365Price Date:15-Aug-19
Interest:SemiannuallyFace Value:$100
Unit:$100Yield:5.00%
  Minimum Purchase:1 Unit ($100)

The security's offering's allocation will be on a "first come, first serve" basis.
The Central Bank reserves the right to offer additional securities for sale in the event of an oversubscription.

Example

You buy 100 bonds ($10,000 face value)

Step 1: Calculate accrued interest (100 bonds x $2.145205 = $214.52)

Step 2: Calculate principal cost (100 bonds x $104.5464 = $10,454.64)

Step 3: Calculate total due ($214.52 + $10,454.64 = $10,669.16)

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