Bahamas Registered Stock Secondary Market Offering Prospectus - June 2019

Published: Thursday June 20th, 2019

Secondary Market Release Term Sheet

Bahamas Registered Stock 2026

Terms Released: 20 June 2019

Security DetailsSecondary Market Details
Security Type:BondAmount Released:$15,000,000
Security ID:BGR114021Release Opens:24 June 2019 (9:30 a.m.)
Issuer:Bahamas GovernmentRelease Closes:25 June 2019 (3:00 p.m.)
Registrar:Central Bank of The BahamasValue Date:26 June 2019
Issue Date:19 December 2016Last Interest Payment:19 June 2019
Maturity Date:19 December 2021Days Interest Due:7
Original Tenor:5 YearsAccrued Interest per Bond:$0.071918
Coupon:3.75%Price per Bond:$102.3161
Calendar:Actual/365Price Date:15-Jun-19
Interest:SemiannuallyFace Value:$100
Unit:$100Minimum 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 $0.071918 = $7.191781)

Step 2: Calculate principal cost (100 bonds x $102.3161 = $10,231.61)

Step 3: Calculate total due ($7.191781 + $10,231.61 = $10,238.801781)

This site uses cookies: Find out more

Okay, Thanks