Government of Bermuda,
Ministry of Finance,
Government Administration Building,
30 Parliament Street,
Hamilton HM12,

Tel: (441) 295-5151
BSX Currency: USD
ISIN: US085209AF11
CUSIP: 085209AF1


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.





Disclaimer and Privacy Policy    Complaints Policy

Copyright © 2024 by Bermuda Stock Exchange. All rights reserved!

Questions or requests for information can be emailed to