AGH 3.85 0.00 Vol 1500 AGL 16 0.15 Vol 1000 BAS 2 0.00 Vol 0 BFM 17.1 0.00 Vol 0 BG23B 98.0002 0.00 Vol 0 BPH 6.5 0.00 Vol 0 DEVON 5.5 0.00 Vol 0 LOM 2.5 0.00 Vol 0 NTB 47.5 0.00 Vol 280 ONE 2.95 0.00 Vol 0 POLAR 5 0.00 Vol 0 SOM 16.95 0.00 Vol 0 WHHL 4.1 0.00 Vol 0 WWW 25 0.00 Vol 0
Market Closed:
Government of Bermuda Ministry of Finance Government Administration Building 30 Parliament Street Hamilton HM 12 Bermuda

http://www.gov.bm
Listed Since: 2016/10/19
Currency: USD
CUSIP: 085209AD6
ISIN: US085209AD62
Telephone: (441) 295-5151

The net proceeds will be used by the Government of Bermuda (“the Government”) to (i) fund the deficit for the current fiscal year, (ii) to repay US$200,000,000 of obligations under the credit facility with Bank of N.T. Butterfield & Son Limited and (iii) to pay the purchase price to holders of 5.603% Notes due 2020 and 4.138% Notes due 2023 that are validly tendered and accepted to be purchased by the Government pursuant to the terms of a partial cash tender offer being conducted by the Government concurrently herewith.

The notes will mature on January 25, 2027, unless earlier redeemed. The Government may redeem the notes, in whole or in part, at any time by paying the greater of the outstanding principal amount of the notes and a “make-whole” amount calculated by the Government. In addition, the Government may redeem the notes, in whole or in part, at any time on or after October 25, 2026 (three months prior to the maturity date of the notes) at a redemption price equal to 100% of the principal amount of notes to be redeemed, plus accrued and unpaid interest.

The notes have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. The notes will be offered only to qualified institutional buyers in the United States under Rule 144A of the Securities Act and to persons outside the United States under Regulation S of the Securities Act.

The Notes will also be listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market.

FINANCIAL AND OTHER INFORMATION

LISTING SPONSOR

TRANSFER AGENT

TRADING HOURS

08:30-09:00 Price Discovery
09:00-16:30 Continuous Trading

CONTACT DETAILS

TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619
Email: info@bsx.com

LOCATION

30 Victoria Street
3rd Floor
Hamilton, Bermuda

MAILING ADDRESS

P.O. Box HM 1369
Hamilton HMFX

Disclaimer

 

The information contained in these pages has been obtained from sources which The Bermuda Stock Exchange believes are reliable. However, the accuracy of the information cannot and is not guaranteed and The Bermuda Stock Exchange makes no representation as to its accuracy or completeness. Neither this Web site, nor any information contained herein, constitutes advice or a solicitation to subscribe, purchase or sell any securities. The Bermuda Stock Exchange expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon any part of the contents of this site or any external sites referenced from this website.