Notice of BRS Availability May 2018- Central Bank of the Bahamas

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Notice of BRS Availability May 2018

Published: Thursday April 26th, 2018

PROSPECTUS

THE CENTRAL BANK OF THE BAHAMAS WILL RELEASE TO THE SECONDARY MARKET A PORTION OF ITS HOLDINGS IN BAHAMAS REGISTERED STOCK

2028

Security Details		Secondary Market Details
Security Type:	Bond	Amount Released:	$9,000,000
Security ID:	BGRS90028	Release Opens:	7 May 2018 (9:30 a.m.)
Issuer:	Bahamas Government	Release Closes:	9 May 2018 (3:00 p.m.)
Registrar:	Central Bank of The Bahamas	Value Date:	11 May 2018
Issue Date:	10 December 2010	Last Interest Payment	10 December 2017
Maturity Date:	10 December 2028	Days Interest Due:	152
Original Tenor:	18 Years	Accrued Interest per Bond	$1.826255
Coupon:	4.385417%	Price per Bond	$100.3543
Calendar:	Actual/365	Price Date:	16-Apr-18
Interest:	Semiannually	Face Value:	$100
Unit:	$100	Yield:	4.37%
		Minimum Purchase:	1 Unit ($100)

Example

You buy 100 bonds ($10,000 face value) Step 1: Calculate accrued interest (100 bonds x $1.826255 = $182.62558)

Step 2: Calculate principal cost (100 bonds x $100.3543 = $10,035.43)

Step 3: Calculate total due ($182.63 + $10,035.43 = $10,218.06)

Payments: Subscription amounts should be made electronically or via bank draft payable to the Central Bank of The Bahamas. CASH PAYMENTS WILL NOT BE ACCEPTED
Requirements: APPLICATIONS WILL BE FILLED ON A FIRST-COME-FIRST SERVED BASIS. Refunds will be made within three (3) business days following the closing date. No interest will be paid on amounts refunded.
Refunds: APPLICATIONS WILL BE FILLED ON A FIRST-COME-FIRST SERVED BASIS. Refunds will be made within three (3) days following the closing date. No interest will be paid on amounts refunded.

Application forms may be obtained from the Central Bank of The Bahamas's offices in Nassau and Freeport or from the Bank's website at www.centralbankbahamas.com

All queries should be sent to [email protected] Bahamas Registered Stock certificates will be available for collection on June 4, 2018

Bahamas Registered Stock