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Invitation to Apply for Bahamas Government Registered Stock

Published: Wednesday July 16th, 2003

Issued under The Bahamas Registered Stock Act, and authorized by Resolution of the House of Assembly, 20th June, 2003, the Government of The Commonwealth of The Bahamas invites applications for Bahamas Registered Stock totalling B$75,OOO,OOO.OO. The Stock will be available in a range of maturity dates, the earliest being repayable in 2014 and the latest in 2023.

Applications will be received by The Banking Department of The Central Bank of The Bahamas, beginning 15th July, 2003. Allocations will commence at 9:30 a.m. on 21st July, 2003 and will be closed as soon as the total subscriptions amount to B$75,OOO,OOO.00 (Nominal).

If the total subscriptions exceed the sum of B$75,000,000.00 (Nominal) partial allotment will be made to subscribers, and a proportionate refund will be made as soon as possible after allotment. No interest will be paid on amounts so refunded.

A prospectus is attached for the information of interested parties.