Notice of BRS Availability May 2018
Published: Thursday April 26th, 2018
PROSPECTUS
THE CENTRAL BANK OF THE BAHAMAS WILL RELEASE TO THE SECONDARY MARKET A PORTION OF ITS HOLDINGS IN BAHAMAS REGISTERED STOCK
2028
| Security Details |
Secondary Market Details |
| Security Type: |
Bond |
Amount Released: |
$9,000,000 |
| Security ID: |
BGRS90028 |
Release Opens: |
7 May 2018 (9:30 a.m.) |
| Issuer: |
Bahamas Government |
Release Closes: |
9 May 2018 (3:00 p.m.) |
| Registrar: |
Central Bank of The Bahamas |
Value Date: |
11 May 2018 |
| Issue Date: |
10 December 2010 |
Last Interest Payment |
10 December 2017 |
| Maturity Date: |
10 December 2028 |
Days Interest Due: |
152 |
| Original Tenor: |
18 Years |
Accrued Interest per Bond |
$1.826255 |
| Coupon: |
4.385417% |
Price per Bond |
$100.3543 |
| Calendar: |
Actual/365 |
Price Date: |
16-Apr-18 |
| Interest: |
Semiannually |
Face Value: |
$100 |
| Unit: |
$100 |
Yield: |
4.37% |
| |
|
Minimum Purchase: |
1 Unit ($100) |
Example
You buy 100 bonds ($10,000 face value) Step 1: Calculate accrued interest (100 bonds x $1.826255 = $182.62558)
Step 2: Calculate principal cost (100 bonds x $100.3543 = $10,035.43)
Step 3: Calculate total due ($182.63 + $10,035.43 = $10,218.06)
- Payments: Subscription amounts should be made electronically or via bank draft payable to the Central Bank of The Bahamas. CASH PAYMENTS WILL NOT BE ACCEPTED
- Requirements: APPLICATIONS WILL BE FILLED ON A FIRST-COME-FIRST SERVED BASIS. Refunds will be made within three (3) business days following the closing date. No interest will be paid on amounts refunded.
- Refunds: APPLICATIONS WILL BE FILLED ON A FIRST-COME-FIRST SERVED BASIS. Refunds will be made within three (3) days following the closing date. No interest will be paid on amounts refunded.
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Application forms may be obtained from the Central Bank of The Bahamas's offices in Nassau and Freeport or from the Bank's website at www.centralbankbahamas.com
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All queries should be sent to [email protected] Bahamas Registered Stock certificates will be available for collection on June 4, 2018
