Govt seeks to raise100m in Bahamas Registered Stock

Tue, Oct 5th 2010, 08:00 PM

By INDERIA SAUNDERS
Guardianâ Business Reporter
inderia@nasguard.com

The government will this month look to raise$100 million in Bahamas Registered Stock, Guardian Business can confirm, with the issuance eventually having to be factored into the national debt.
According to a notice put out by the Central Bank, applications will be received by the banking department as of October 8 to October 15, while allocations will commence on October 18 and end at October 19.
"If the total subscriptions exceed the sum of$100 million, partial allotment will be made to subscribers, and a proportionate refund will be made as soon as possible after allotment,"read the statement."The stock will be ...

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