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)
