Bahamas Registered Stock Secondary Market Offering Prospectus - July 2019
Published: Wednesday July 17th, 2019
Secondary Market Release Term Sheet
Bahamas Registered Stock 2027
Terms Released: 16 July 2019
| Security Details |
Secondary Market Details |
|
Security Type:
|
Bond |
Amount Released:
|
$5,556,000 |
|
Security ID:
|
BGR120027 |
Release Opens: |
17 July 2019 (9:30 a.m.) |
|
Issuer:
|
Bahamas Government
|
Release Closes: |
18 July 2019 (3:00 p.m.) |
|
Registrar:
|
Central Bank of The Bahamas |
Value Date: |
19 July 2019 |
| Issue Date: |
15 December 2017 |
Last Interest Payment: |
15 June 2019 |
| Maturity Date: |
15 December 2027 |
Days Interest Due: |
34 |
| Original Tenor: |
10 Years |
Accrued Interest per Bond: |
$0.448986 |
|
Coupon:
|
4.82% |
Price per Bond: |
$104.3131 |
| Calendar: |
Actual/365
|
Price Date: |
15-Jul-19 |
|
Interest:
|
Semiannually |
Face Value: |
$100 |
| Unit: |
$100 |
Yield: |
4.21% |
| |
|
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 $0.448986 = $44.8986)
Step 2: Calculate principal cost (100 bonds x $104.3131 = $10,431.31)
Step 3: Calculate total due ($44.8986 + $10,431.31 = $10,476.2086)
See link below for further examples:
https://www.centralbankbahamas.com/news/public-notices/bahamas-registered-stock-cost-chart
Secondary Market Release Term Sheet
Bahamas Registered Stock 2036
Terms Released: 16 July 2019
| Security Details |
Secondary Market Details |
|
Security Type:
|
Bond |
Amount Released:
|
$2,376,600 |
|
Security ID:
|
BGR109036 |
Release Opens: |
17 July 2019 (9:30 a.m.) |
|
Issuer:
|
Bahamas Government
|
Release Closes: |
18 July 2019 (3:00 p.m.) |
|
Registrar:
|
Central Bank of The Bahamas |
Value Date: |
19 July 2019 |
| Issue Date: |
3 October 2016 |
Last Interest Payment: |
3 April 2019 |
| Maturity Date: |
3 October 2036 |
Days Interest Due: |
107 |
| Original Tenor: |
20 Years |
Accrued Interest per Bond: |
$1.583014 |
|
Coupon:
|
5.40% |
Price per Bond: |
$104.5607 |
| Calendar: |
Actual/365
|
Price Date: |
15-Jul-19 |
|
Interest:
|
Semiannually |
Face Value: |
$100 |
| Unit: |
$100 |
Yield: |
5.00% |
| |
|
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 $1.583014 = $158.30137)
Step 2: Calculate principal cost (100 bonds x $104.5607 = $10,456.07)
Step 3: Calculate total due ($158.30137 + $10,456.07 = $10,614.37137)
See link below for further examples:
https://www.centralbankbahamas.com/news/public-notices/bahamas-registered-stock-cost-chart
