Bahamas News
Bahamas Central Bank to create savings bonds for small investors
By Shanieka Smith
Staff Writer
#TheBahamas, December 2, 2022 – The government of The Bahamas, in collaboration with the Central Bank, will develop a savings bond for small investors set to launch in April 2023. The savings bond will offer investors an alternate form of savings while incorporating aspects of current government securities. 
Many small investors noted that it is hard for them to be included in the Bahamas Registered Stock (BRS), due to larger investors who get the first choice on bids. The savings bonds will eliminate this.
Starting January 2, BRS’s initial public offerings (IPO) will be open for one day. This gives broker-dealers the opportunity to gather customer subscriptions, which will be booked with the Central Bank on “open day.”
A simpler allocation methodology will be initiated in cooperation with the Ministry of Finance, where investors who subscribe with more than $250 will not be first priority.
“The bid allocation process will consider the bid value, the total value of all valid bids, and the total offering amount,” the CBOB said.