Bahamas Registered Stock Secondary Market Offering - February 2020
Published: Wednesday February 5th, 2020
Secondary Market Offer Sheet
Release Date: February 5, 2020
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Issuer:
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Bahamas Government
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Open Date:
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February 11, 2020 (9:30 a.m.)
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Registrar:
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Central Bank of The Bahamas
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Close Date:
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February 13, 2020 (3:00 p.m.)
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Organizer:
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Central Bank of The Bahamas
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Settlement:
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February 14, 2020
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Calendar:
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Actual/Actual
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Allocation
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Securities will be awarded on a "first come, first serve" basis. |
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CENTRAL BANK OF THE BAHAMAS SECONDARY MARKET RELEASE OF $6,378,900
BAHAMAS REGISTERED STOCK 2031
| Security ID |
Issue Size (B$) |
Unit Share (B$) |
Current Tenor (Years) |
Coupon (Floating) |
Yield |
Last Interest Payment |
Maturity |
Interest Payment |
| BGRS85031 |
6,378,900.00 |
100.0304 |
11 |
4.59375% |
4.59% |
January 19, 2020 |
January 19, 2031 |
Semi-annual |
Accrued Interest per Bond : $0.3263
Example
You buy 100 bonds ($10,000 face value)
Step 1: Calculate accrued interest (100 bonds x $0.3263 = $32.63)
Step 2: Calculate principal cost (100 bonds x $100.0304= $10,003.04)
Step 3: Calculate total due ($32.63 + $10,003.04 = $10,035.67)
CENTRAL BANK OF THE BAHAMAS SECONDARY MARKET RELEASE OF $9,812,500
BAHAMAS REGISTERED STOCK 2033
| Security ID |
Issue Size (B$) |
Unit Share (B$) |
Current Tenor (Years) |
Coupon (Floating) |
Yield |
Last Interest Payment |
Maturity |
Interest Payment |
| BGRS99033 |
9,812,500.00 |
100.4642 |
13 |
4.31250% |
4.29% |
September 23, 2019 |
September 23, 2033 |
Semi-annual |
Accrued Interest per Bond : $1.6999
Example
You buy 100 bonds ($10,000 face value)
Step 1: Calculate accrued interest (100 bonds x $1.6999 = $169.99)
Step 2: Calculate principal cost (100 bonds x $100.4642 = $10,046.42)
Step 3: Calculate principal cost (100 bonds x $100.4642 = $10,046.42)
GENERAL INSTRUCTIONS
Payments: Subscription amounts should be made electronically or via bank draft, payable to the Central Bank of The Bahamas only. CASH PAYMENTS WILL NOT BE ACCEPTED.
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 closing date. No interest will be paid on amounts refunded.
Certificates: Results will be made available on the Central Bank's website, and successful applicants can collect their certificates from the Central Bank 30 calendar days following settlement.
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.
Application forms may be obtained from the Central Bank of The Bahamas' offices in Nassau and Freeport or from the Central Bank's website at www.centralbankbahamas.com. Additional details are also available on the website.
