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Public Notice - Deutsche Bank $250 M Facility

Published: Friday September 15th, 2017

PUBLICATION NOTICE

The Commonwealth of The Bahamas, acting through the Ministry of Finance, as the Borrower, the lenders defined therein and Deutsche Bank Trust Company Americas, as Administrative Agent, entered into a Credit Agreement dated as of the 14th day of September, 2017, to facilitate a loan in the amount of Two Hundred and Fifty Million Dollars in the currency of the United States (US$250,000,000) for the Authorized Uses as defined in the Credit Agreement.

Borrowings under the Credit Agreement bear interest at the sum of the London Interbank Offered Rate (LIBOR) with a 6 month interest period rate plus a margin of three hundred (300) basis points or 3.00%. Interest payments under the Credit Agreement will be made in semi-annual installments, with principal paid 365 days after the disbursement date.

Proceeds under the Credit Agreement will be used by the Borrower to meet capital and other budgetary requirements for Fiscal Year 2017/18.

Ministry of Finance

September 15, 2017

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