Central Bank of The Bahamas

11/20/2020 | Press release | Distributed by Public on 11/20/2020 15:52

Results Bahamas Registered Stock Initial Public Offering - November 2020

Results Bahamas Registered Stock Initial Public Offering - November 2020

Published: Friday November 20th, 2020

RESULTS BAHAMAS REGISTERED STOCK

INITIAL PUBLIC OFFERING - NOVEMBER 2020

On behalf of The Bahamas Government, the Central Bank facilitated a $26.5 million Initial Public Offerings (IPO) of Bahamas Registered Stock (BRS) for value November 17, 2020. The offering, which was over-subscribed, consisted of benchmark tenors and included grow/shrink options at the tenor and offer levels to accommodate market demand. Details of the offering's results are tabled below:

Security ID

Coupon Rate

Initial Distribution

Final Distribution

BGR141023

3.45%

$2,000,000

$969,800

BGR141025

3.95%

$1,000,000

$5,400,200

BGR141027

4.60%

$1,000,000

$788,200

BGR141030

5.35%

$1,500,000

$2,826,000

BGR141040

5.90%

$8,000,000

$2,234,200

BGR141050

6.35%

$13,000,000

$15,639,500

BGR141150

6.35%

-

$1,010,200

$26,500,000

$28,868,100

Please contact the Central Bank at [email protected]or 302-2620 if there are any questions.