Government of Bermuda
Ministry of Finance
Government Administration Building
30 Parliament Street
Hamilton HM 12
Listed Since: 2018/11/20
BSX Currency: USD
CUSIP: 085209AF1
ISIN: US085209AF11
Tel: (441) 295-5151
Open To: Qualified Investors

The net proceeds of the issue equate to approximately U.S.$614,141,000.

 The net proceeds will be used by the Government to (i) fund the deficit for the current fiscal year, (ii) repay $135,000,000 of its obligations under its credit facility with Butterfield Bank, (iii) pay the approximately $303.3 million purchase price to holders of the Government’s 5.603% Senior Notes due 2020 and 4.854% Senior Notes due 2024 that are validly tendered and accepted to be purchased by the Government pursuant to the terms of the cash tender offer conducted by the Government that expired on November 15, 2018 and which will settle substantially concurrently with this offering and (iv) pay the redemption price of the Government’s 5.603% Senior Notes dur 2020, to the extent they are redeemed by the Government.

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

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.




08:30-09:00 Price Discovery Exchange House
09:00-16:30 Continuous Trading 110 Pitts Bay Road
  Pembroke, Bermuda
TEL: +1 (441) 292 7212 P.O. Box HM 1369
FAX: +1 (441) 292 7619 Hamilton HMFX
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