THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2021 ISSUE OF B$75,000,000 ISSUED UNDER THE
BAHAMAS REGISTERED STOCK ACT
Prospectus Date: April 20, 2020
Issuer: | Bahamas Government | Open Date: | April 29, 2020 (9:30 a.m.) |
Registrar: | Central Bank of The Bahamas | Close Date: | May 1, 2020 (3:00 p.m.) |
Organizer: | Central Bank of The Bahamas | Settlement: | May 05, 2020 |
First Int Pmt: | November 05, 2020 | ||
Calendar: | Actual/365 |
The Central Bank of The Bahamas will not accept applications after 3:00 p.m. each day.
Security ID | Issue Size (B$) | Unit Share (B$) | Tenor (Years) | Interest (Fixed) | Maturity | Interest Payment |
BGR137021 | 75,000,000.00 | 100 | 1 | 2.57% | May 05, 2021 | Semi-annual |
75,000,000.00 |
Amid the COVID-19 Pandemic the Central Bank will observe thebelow changes to the procedures for Bahamas Registered Stock Initial Public Offerings
Payments: Subscription amounts should be made electronically. Settlement instructions for Central
Bank as follows:
Beneficiary Bank:Central Bank of The Bahamas
BIC:CBBHBSNS(XXX)
Account:CBOB General Account 1315010051
Branch Code:10000 (if applicable)
Details:Applicant Name + NIB Number + BRS Application
Requirements: (1) Bahamian E-Passport; or (2) NIB Smart Card paired with one of the following: Bahamian Driver's License, National Identity Card, Permanent Residence Permit, other National Passport, or Spousal Permit. New Business customers must present a list of its authorized signatories along with Memorandum/Articles of Association.
Refunds: Refunds will be made within three business days following the settlement date. No interest will be paid on amounts refunded.
Certificates: Results will be made available on the Central Bank’s website, and successful applicants will be notified via email when certificates are available for collection. Amid the COVID-19 Pandemic, the Central Bank has suspended the printing and collection of physical certificates until further notice.
Allocation: Securities will be awarded in accordance with the Central Bank's priority level allocation process, with priority given to individual applications in amounts up to $250,000. All other applications-individuals greater than $250,000 and institutions-will be classified as Priority Level 2 and may result in a proration in the event of an oversubscription.