About the Bond
Project Objective
Bia Investment Holdings is seeking to develop the various land assets in our possession and increase our investment portfolio; through our annual Bond offering. Bond certificates will be available to investors at intervals of $1,000 each. Interest is paid annually at the certificate ticketed rate fixed for the life of the Bond. At the end of ten (10) years, the Bond face amount ($1,000) will be returned to bondholders on the anniversary date of the issue. The objective of the Bond is to:
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1. Raise Capital funding for future investment
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2. Encourage savings amongst Bahamians
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3. Foster diversification of the Bahamian investment portfolio
Bond Specifics
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Offering Size - 5,000 Bonds
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Period - 10 Year Life
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Face Amount - $1,000
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Annual Interest - 4.642%
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Price
Bonds are offered at a fixed rate of 4.642%.
Further Details
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​At redemption the full Bond amount ($1,000) is re-paid.
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Bonds are issued with a Bond Certificate showing the relevant information upon receipt of the $1,000 investment. Return of the certificate is required at redemption.
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Upon subscription, a subscriber can choose to have interest returned to them annually or have it retained by the Bia Investment Holdings to be compounded annually.
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The Bond offering is intended to run annually. Fixed Interest and Bond repayment is payable within five (5) business days of the Bond anniversary date.
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Early redemption is available all year (less the applicable early Redemption Fee). The Bond Certificate is required at redemption.
Fees
Early Redemption Fee Calculation
Year 1 - 5.1%
Year 2 - 4.3%
Year 3 - 3.6%
Year 4 - 2.7%
Year 5 - 1.0%
Year 5< - $50
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Minimum Early Redemption Fee - $50
Bond Certificate re-issue - $150