Bahamas Registered Stock Secondary Market Offering Prospectus - June 2019
Published: Thursday June 20th, 2019
Secondary Market Release Term Sheet
Bahamas Registered Stock 2026
Terms Released: 20 June 2019
| Security Details |
Secondary Market Details |
|
Security Type:
|
Bond |
Amount Released:
|
$15,000,000 |
|
Security ID:
|
BGR114021 |
Release Opens: |
24 June 2019 (9:30 a.m.) |
|
Issuer:
|
Bahamas Government
|
Release Closes: |
25 June 2019 (3:00 p.m.) |
|
Registrar:
|
Central Bank of The Bahamas |
Value Date: |
26 June 2019 |
| Issue Date: |
19 December 2016 |
Last Interest Payment: |
19 June 2019 |
| Maturity Date: |
19 December 2021 |
Days Interest Due: |
7 |
| Original Tenor: |
5 Years |
Accrued Interest per Bond: |
$0.071918 |
|
Coupon:
|
3.75% |
Price per Bond: |
$102.3161 |
| Calendar: |
Actual/365
|
Price Date: |
15-Jun-19 |
|
Interest:
|
Semiannually |
Face Value: |
$100 |
| Unit: |
$100 |
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 $0.071918 = $7.191781)
Step 2: Calculate principal cost (100 bonds x $102.3161 = $10,231.61)
Step 3: Calculate total due ($7.191781 + $10,231.61 = $10,238.801781)
