The Bahamas opens a B$25 million government bond

A new prospectus puts a B$25 million bond in front of domestic investors, part of the routine local financing that funds the budget.

The Bahamas has published a prospectus for a B$25 million government bond, opening the paper to domestic investors as part of its local financing program. It is ordinary budget plumbing rather than a headline raise, but it keeps the government funded through the domestic market rather than in foreign currency (prospectus).