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BAHAMAS: Country moves one step closer to electronic trading of Government bonds

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#Nassau, August 3, 2019 – Bahamas – The Ministry of Finance is pleased to announce that Bahamas Government Registered Stocks (BGRS) have been approved for listing on the Bahamas International Securities Exchange (BISX or the Exchange). This major step forward paves the way for Bahamians to be able to buy and sell Government bonds on the local securities exchange, and track the value of their investments using the online marketplace.

“We are getting ready to list over 200 government bonds, which (at the time of Press) represents the entire portfolio of outstanding securities going back to 1999. This will stimulate the entire Bahamian capital market, improve our financial market infrastructure, and increase accessibility to Government-backed investments for all Bahamians,” said K. Peter Turnquest, Deputy Prime Minister and Minister of Finance.

“This is another area where the Government is making good on its promise to modernize and keep pace with the digital transformation happening globally, and introduce more efficiency to the Government’s borrowing. Centralized market trading of Government bonds is an important component for the growth of the entire Bahamian capital market. It’s been a longtime in the making and I am proud that this Government’s leadership hashelped to finally bring this project to fruition,” said Minister Turnquest.

The transfer of the secondary market to the Exchange-is a major objective of the Financial Markets Modernization Project, a collaborative effort between the Ministry of Finance, the Central Bank of The Bahamas and BISX. The project seeks to create a centralized marketplace for all Bahamians dollar securities.Several changes are being implemented, including the creation of the centralized marketplace for all Bahamas Government debt dollar securities.

The project’s phases include: 1) Listing BGRS on BISX, 2) Launching a Bahamas Government Registered Stock Depository (BGSD), which will facilitate competitive bidding and other industry-specific market improvements; 3) Transition to a paperless registry, which involves the introduction of digital certificates for Government bonds; and, 4) Electronic trading.

“With this modernization of the country’s financial market infrastructure, Bahamians will now have easy access to investment information and market activity on all Government bonds, and there will be transparency around the pricing of Government securities. Lastly, Bahamians will be able to see and have an opportunity to trade outstanding securities on an open market,” said Minister Turnquest.

10 Things You Need to Know –About the Financial Markets Modernization Project

  1. From August 2019, Government bonds will be listed on BISX: outstanding securities and all future issuances of government bonds.
  2. It is anticipated that in November 2019, trading of Government bonds (i.e., buying and selling) will beginon The Bahamas International Securities Exchange (BISX).
  3. The daily value of individual investment holdings will be determined by market factors, such as demand and supply, and will be displayed publically on the Exchange. This means the price can move up or down.
  4. The initial prices will be set using the Central Bank’s existing pricing structure as currently available on the Central Bank’s website. These prices will apply until trading begins.
  5. Government bonds will no longer be fixed at par (which is the equivalent of the initial purchase price). They will be set by the market.
  6. Once Exchange trading begins, investors who have plans to sell their securities before maturity will be subject to the current market price and any associated fees.
  7. Exchange trading will have no impact on the maturing value of a security (for investments that are held to maturity).
  8. Regardless of the market value, interest and principal payments will not change from the terms set out in the respective Initial Public Offerings for all investors.
  9. Investors participating in new issuances of Government securities in excess of $100,000 will need to utilize a broker to purchase these securities. Those investors with existing holdings that were purchased through the Central Bank can continue to sell those holdings directly through the Central Bank or through a broker.
  10. Investors with existing holdings or new issuances $100,000 and below have the option of buying and selling those holdings directly through the Central Bank or through a broker.

Release: Ministry of Finance

Photo Caption: The Hon. K. Peter Turnquest, Deputy Prime Minister and Minister of Finance, accompanied by executives of the Central Bank of the Bahamas and BISX, commemorating the listing of Bahamas Government Registered Stock on BISX.  Pictured from left: Derek Rolle, Deputy Governor of the Central Bank; Keith Davies, BISX Chief Executive Officer; K. Peter Turnquest, Deputy Prime Minister and Minister of Finance; Andrew Strachan, BISX Chairman. 

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CIBC Caribbean Celebrates 2026 Unsung Heroes Finalists

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Nassau, Bahamas, 22 September 2026 – Six Bahamians whose service is making a difference in communities across the country were recently celebrated by CIBC Caribbean as the bank brought together its top 2026 Unsung Heroes finalists for a special recognition event.

The 2026 finalists were Kristin Butler-Beneby, Dinola Williamson, Amanda Knowles, Tamara Clarke, Ruth Fawkes, and Jaquay Adderley.

During the event, CIBC Caribbean also announced Dinola Williamson as the first runner-up in this year’s program. Williamson is an educator and community activist who has spent more than two decades in education and leads the Family Better Together Kabbalistic Kids Club. Her community work has reached children in Englerston, Fox Hill, Acklins, Crooked Island, and Grand Bahama through mentorship and activities designed to support their holistic development.

CIBC Caribbean Head of Country Terrance Gibson said the gathering was intentionally focused on celebrating the collective impact of the finalists.

“Unsung Heroes is about recognizing the people who may not always receive the spotlight, but whose commitment is felt every day in the lives of the people and communities they serve,” he said.

“While Kristin emerged as our 2026 Unsung Hero, and Dinola as our runner-up, each nominee represents the spirit of this program. They saw needs in their communities and made the decision to act, to serve, and to keep showing up. CIBC Caribbean is proud to recognize them and to help bring greater attention to the work they are doing.”

The recognition event also brought together members of the judging panel who reviewed this year’s nominations and selected the program’s honorees. The panel comprised Olympic gold medalist Tonique Williams, Bahamas Red Cross President Edison Sumner, Guardian Lifestyles Editor Shavaughn Moss, and Organization for Responsible Governance Executive Director Matt Aubry.

During the event, each finalist spoke about the community work that led to their nomination. The judges were also recognized for lending their time and expertise to the selection process.

Gibson added, “Recognition is important, but we also hope that sharing these stories encourages others to look around their own communities, see where they can make a difference, and act.

“Our Unsung Heroes remind us that meaningful change often begins with an individual who simply decides to help.”

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Public Hospitals Authority Foundation Donates Dialysis Machines to Princess Margaret Hospital (PMH)

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The Bahamas, September 21, 2026 – The Public Hospitals Authority (PHA) Foundation, a philanthropic organization launched in January 2024 to support public hospitals and healthcare clinics, donated eight additional dialysis machines for the PMH Renal Services unit.

Director of Foundations, Corporate and Community Relations for the Public Hospitals Authority and Executive Director of the foundation, Alana Major, said this initiative is a part of the foundation’s “Sun, Sea and Second Chances” campaign.  PHA Foundation aims to secure 30 machines for Princess Margaret Hospital.

“As of today, with this donation, we are now up to 15 machines, so we are very excited about that,” Ms. Major said.

Other members of the foundation were present, including PHA Foundation Chairman Mr. Selvin Basden, who said the foundation is committed to doing its part in fulfilling the mandate of the Government of the Bahamas.

“One of the tenets of the Government is to ensure that access to healthcare is a human right. We are committed to ensuring that, at least from our part, we can deliver on that principle,” Mr. Basden said.

The PMH Renal Services Unit dialyzes about 150 to 170 patients annually. The unit provides care for patients who have been diagnosed with end-stage kidney disease and now need renal support. Patients who receive dialysis typically come to the unit three times a week, either on a Monday-Wednesday-Friday schedule or a Tuesday-Thursday-Saturday schedule.

Head of Department for Renal Services, Dr. Thurston Carroll, said she and the unit are excited to receive the donation, as it will replace machines that are not operating optimally.

“We are particularly excited about today’s donation because, although we have 20 stations within the dialysis unit, we have an aging fleet. These new machines and new water-treatment equipment will allow us to replace some of our aging equipment so that we can continue providing services to our patients.”

Foundation representatives noted that one or two organizations are already considering making bulk donations and if it happens, the foundation may be able to secure another 10 machines or another five machines in the very near future.

PMH Deputy Hospital Administrator Angelica Lockhart-Bastian and Hospital Administrator Mr. Tevard Bastian thanked the PHA Foundation for its donation to Princess Margaret Hospital.

Also in attendance were PHA Foundation Deputy Chairman Dr. Erecia Hepburn; Foundation guest Dr. Maria Oriakhi; Chief Biomedical Engineer Mr. Theodore Nottage; Administrative Officer Ms. Appapisa Neely; and Senior Assistant Hospital Administrator Mr. Valdez Bowe.

 

By Christina Williams 
Bahamas Information Services

BIS Photos/Mark Ford

PHOTO CAPTION:

Group Photo, from left:
– Dr. Rhea Thurston Carroll, Director, Renal Services, PMH
– Nurse Kim Harris, Dialysis Nurse, Dialysis Unit, PMH
– ⁠Sister Darnell Roker, Nurse Manager, Dialysis Unit, PMH
– Mrs. Angelica Lockhart-Bastian, Deputy Hospital Administrator PMH
– Mr. Tevard Bastian, Hospital Administrator PMH
– Mrs. Alana Major, Director, Foundations, Community and Corporate Relations, PHA
– ⁠Mr. Selvin Basden, Chairman, PHA Foundation
– ⁠Dr. Erecia Hepburn, PHA Foundation Board
– ⁠Ms. Donette Danvers, Executive Assistant, Foundations, Community and Corporate Relations, PHA

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Romer Receives Regional Leadership Award

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Miami, Florida – Director of Aviation and Deputy Director General of Tourism, Dr. Kenneth Romer was presented with The 2025-2026 Infrastructure Leadership MVP Award, during the 10th Annual Caribbean Infrastructure Forum (CARIF) held in Miami September 15-16, 2026.

According to event organizers, New Energy Events, the MVP Leadership Award is the highest individual honor in the industry and is presented to an individual who has demonstrated exceptional, strategic and visionary leadership in advancing infrastructure in the Caribbean. Chosen by an independent jury of regional industry leaders, “The recipient is recognized for their sustained impact, influence across sectors, and dedication to driving meaningful progress in policy, investment, or project delivery”, said Event Organizers.

Romer becomes only the third person from the Region, and the first from The Bahamas to receive the Leadership MVP Award, joining last year’s winner The Honourable Mia Mottley, Prime Minister of Barbados.

Represented among the Conference Speakers and present at the Award Ceremony was Minister of Energy, Utilities and Aviation, The Honourable JoBeth Coleby-Davis, who said that, “This award amplifies The Bahamas Government’s commitment to executing a vision that sets the benchmark for infrastructural investments opportunities across our archipelago while supporting exemplary Bahamian leaders like Dr. Romer, who are steering the Caribbean toward more resilient, investable, and innovative infrastructure”.

“While this award is deemed an individual honor, it is a recognition of the Bahamas’ position as a respected regional leader and more so, a reflection of the incredible talent that resides within our small, but indomitable nation that continues to punch above its weight class as the world marks the manner of our bearing”, said Dr. Romer.

Dr. Romer has been instrumental in driving post-pandemic tourism recovery alongside the transformation of airports across the Family Islands through the Government’s landmark Family Islands Renaissance initiative. Under his leadership as Director of Aviation and Deputy Director General of Tourism, the sector has embraced a strategic, forward-looking approach focused on modernizing over 19 runways and terminals, strengthening safety and resilience, expanding international and regional connectivity, and leveraging public-private partnerships to deliver world-class facilities.

Dr. Romer’s work has helped translate the National Aviation Strategic Plan into tangible infrastructure projects that are creating new opportunities for tourism, investment, entrepreneurship and economic growth across the archipelago.

In 2025, he became the first person from the Caribbean and LATAM Region to be appointed to the Board of the International Association of Airports Executives.

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