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| Security Details | Secondary Market Details | ||
| Security Type: | Bond | Amount Released: | $20,324,600 |
| Security ID: | BGR109036 | Release Opens: | 11 Feb. 2019 (9:30 a.m.) |
| Issuer: | Bahamas Government | Release Closes: | 13 Feb. 2019 (3:00 p.m.) |
| Registrar: | Central Bank of The Bahamas | Value Date: | 15 February 2019 |
| Issue Date: | 3 October 2016 | Last Interest Payment: | 3 October 2018 |
| Maturity Date: | 3 October 2036 | Days Interest Due: | 135 |
| Original Tenor: | 20 Years | Accrued Interest per Bond: | $1.997260 |
| Coupon: | 5.40% | Price per Bond: | $105.8785 |
| Calendar: | Actual/365 | Price Date: | 16-Jan-19 |
| Interest | Semiannually | Face Value: | $100 |
| Unit: | $100 | Yield: | 4.90% |
| 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 $1.997260 = $199.7260)
Step 2: Calculate principal cost (100 bonds x $105.8785 = $10,587.85)
Step 3: Calculate total due ($199.7260 + $10,587.85 = $10,787.58)
See link below for further examples:
https://www.centralbankbahamas.com/news/public-notices/bahamas-registered-stock-cost-chart
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