Bahamas Registered Stock IPO March 2020
Published: Tuesday March 17th, 2020
PROSPECTUS
THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2021 ISSUE OF B$75,000,000 ISSUED UNDER THE
BAHAMAS REGISTERED STOCK ACT
Prospectus Date: March 16, 2020
| Issuer: |
Bahamas Government |
Open Date: |
March 24, 2020 (9:30 a.m.) |
| Registrar: |
Central Bank of The Bahamas |
Close Date: |
March 26, 2020 (3:00 p.m.) |
| Organizer: |
Central Bank of The Bahamas |
Settlement: |
March 30, 2020 |
| |
|
First Int Pmt: |
September 30, 2020 |
| |
|
Calendar: |
Actual/365 |
The Central Bank of The Bahamas will not accept applications after 3:00 p.m. each day.
| Security ID |
Issue Size (B$) |
Unit Share (B$) |
Tenor (Years) |
Interest (Fixed) |
Maturity |
Interest Payment |
| BGR135021 |
75,000,000.00 |
100 |
1 |
2.57% |
March 30, 2021 |
Semi-annual |
| |
75,000,000.00 |
|
|
|
|
|
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 settlement 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.
Applications can be emailed to the Markets Unit at [email protected] and funds can be wired to the Central Bank using the banking information below:
Account Name: BIS Suspense
Account Number: 1 3150 10051
BIC: CBBHBSNS
