Bahamas Registered Stock Secondary Market Offering Prospectus - February 2019
Published: Tuesday February 5th, 2019
| Security Details |
Secondary Market Details |
| Security Type: |
Bond |
Amount Released: |
$20,324,600 |
| Security ID: |
BGR109036 |
Release Opens: |
11 Feb. 2019 (9:30 a.m.) |
| Issuer: |
Bahamas Government |
Release Closes: |
13 Feb. 2019 (3:00 p.m.) |
| Registrar: |
Central Bank of The Bahamas |
Value Date: |
15 February 2019 |
| Issue Date: |
3 October 2016 |
Last Interest Payment: |
3 October 2018 |
| Maturity Date: |
3 October 2036 |
Days Interest Due: |
135 |
| Original Tenor: |
20 Years |
Accrued Interest per Bond: |
$1.997260 |
| Coupon: |
5.40% |
Price per Bond: |
$105.8785 |
| Calendar: |
Actual/365 |
Price Date: |
16-Jan-19 |
| Interest |
Semiannually |
Face Value: |
$100 |
| Unit: |
$100 |
Yield: |
4.90% |
| |
|
Minimum Purchase: |
1 Unit ($100) |
The security's offering's allocation will be on a "first come, first serve" basis.
The Central Bank reserves the right to offer additional securities for sale in the event of an oversubscription.
Example
You buy 100 bonds ($10,000 face value)
Step 1: Calculate accrued interest (100 bonds x $1.997260 = $199.7260)
Step 2: Calculate principal cost (100 bonds x $105.8785 = $10,587.85)
Step 3: Calculate total due ($199.7260 + $10,587.85 = $10,787.58)
See link below for further examples:
https://www.centralbankbahamas.com/news/public-notices/bahamas-registered-stock-cost-chart
