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Bahamas government registered stock issue – $50.0 million

The government of The Commonwealth of The Bahamas is inviting applications for Bahamas registered stock totalling $50 million. The stock will be available in a range of maturity dates; the earliest being repayable in 2031 and the latest in 2033. 

Source:
Date:
Updated:
Central Bank of The Bahamas
Monday, April 8, 2013
Monday, April 8, 2013

Issued under The Bahamas Registered Stock Act, and authorized by Resolutions of the House of Assembly, 18th March, 2013, the Government of The Commonwealth of The Bahamas invites applications for Bahamas Registered Stock totalling B$50,000,000.00. The Stock will be available in a range of maturity dates; the earliest being repayable in 2031 and the latest in 2033.

Applications will be received by The Banking Department beginning at 9:30 am on 8th April, 2013 and will close at 3:00 pm on 15th April, 2013. Allocations will commence at 9:30 a.m. on 16th April, 2013 and will cease at 3:00p.m. on 17th April, 2013.

If the total subscriptions exceed the sum of B$50,000,000.00 (Nominal) partial allotment will be made to subscribers, and a proportionate refund will be made as soon as possible after allotment. No interest will be paid on amounts so refunded.

Click here to download a copy of the prospectus.

Callenders & Co partner Simone Morgan-Gomez has led a series of workshops over the last month for leading accountants following changes that took effect late last year in the Companies (Winding Up Amendment) Act and other legislation. Pictured: Simone Morgan-Gomez (at right) holds a workshop for KPMG senior managers this month. Also pictured left to right: KPMG restructuring manager Zelma Wilson; partner and managing director of KPMG's finance arm in the Caribbean Simon Townend; KPMG senior partner Tracy Knowles; Callenders associate Simon Darville; and Callenders partner and insolvency expert Simone Morgan-Gomez. (Photo by Derek Smith, Jr)

The Independence Celebrations Committee have started a weekly series of updates on plans for the 40th anniversary of independence celebrations. Watch a ZNS news report on the meeting here.

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