AGH 6 0.10 Vol 26000 BAS 1.75 0.00 Vol 0 BFM 22.5 0.00 Vol 0 BG23B 0 0.00 Vol 0 BPH 4.25 0.00 Vol 0 DEVON 3.75 0.50 Vol 2500 LOM 5.75 0.00 Vol 0 NTB 39.3 0.00 Vol 0 POLAR 8 0.00 Vol 0 SOM 18.01 0.00 Vol 0 WHHL 4.21 0.00 Vol 0 WWW 30.5 0.00 Vol 0
Market Closed:     
Government of Bermuda
Ministry of Finance
Government Administration Building
30 Parliament Street
Hamilton HM 12
Listed Since: 2018/11/20
Currency: USD
CUSIP: G10367AF0
ISIN: USG10367AF01

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.



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