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Applications invited for Government Registered Stock

The Government of The Commonwealth of The Bahamas is currently inviting applications for Bahamas Government Registered Stock totaling B$30,000,000.00. Applications must be received by August 25, 2016. Download a copy of the prospectus provided by the Central Bank of The Bahamas here. 

Source:
Date:
Updated:
Central Bank of The Bahamas
Monday, August 22, 2016
Monday, August 22, 2016

August 19, 2016 (Central Bank of The Bahamas) – Issued under The Bahamas Registered Stock Act, and authorized by Resolutions of the House of Assembly, 22nd June, 2016, the Government of The Commonwealth of The Bahamas invites applications for Bahamas Government Registered Stock totaling B$30,000,000.00.

The Stock will be issued with a twenty year maturity (2036). Applications will be received by the Banking Department beginning at 9:30 a.m. on 19th August, 2016 and will close at 3:00 p.m. on [Thursday] 25th August, 2016.


Allocations will commence at 9:30 a.m. on 26th August, 2016 and will cease at 3:00 p.m. on the same day. If the total subscriptions exceed the sum of B$30,000,000.00 (Nominal), partial allotment will be made to subscribers, and a proportionate refund will be made within three working days after allotment. No interest will be paid on amounts so refunded.

PDFClick here to read/download a copy of the prospectus.

Note: Any reference to stocks, funds, investments or any underlying recommendation does not reflect the opinion of The Bahamas Investor or any of its contributors.

The Association of International Bank & Trust Companies in The Bahamas and the Bahamas Financial Services Board paid a courtesy call on Senator Allyson Maynard Gibson, Attorney General and Minister of Legal Affairs at the Ministry’s offices, August 17, 2016.

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