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Notice of BGRS Availability May 2017

Published: Monday May 15th, 2017

Secondary Market Release Term Sheet

Bahamas Registered Stock 2018

Terms Released: May 15, 2017

Security Details Secondary Market Details
Security Type: Bond Amount Released $5,000,000
Security ID: BGR116018 Release Opens: 22 May 2017 9:30 AM
Issuer: Bahamas Government Release Closes: 24 May 2017 3:00 PM
Registrar: Central Bank of The Bahamas Value Date: 26 May 2017
Issue Date: 27 April 2017 Last Interest Payment:
Maturity Date: 27 April 2018 Days Interest Due: 29
Original Tenor 1 Year Accrued Interest per Bond $ 0.206575
Coupon: 2.60% Price per Bond: $ 100.000000
Calendar: Actual/365 Price Date: 12 May 2017
Interest Payment: Semi-annually Face Value: $100
Unit: $100 Yield: 2.60%
Minimum Purchase: 1 Unit ($100)

Example

You buy 100 bonds ($10,000 face value)

Step 1: Calculate accrued interest (100 bonds x $0.206575 = $20.66)

Step 2: Calculate principal cost (100 bonds x $100.00 = $10,000.00)

Step 3: Calculate total due ($20.66 + $10,00.00 = $10,020.66)

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