Government bonds delisted
The Government of Bermuda has advised the Bermuda Stock Exchange of the maturity and redemption of its BSX-listed 4.750 per cent senior notes, due December 16 of this year.
The BSX said: “The Exchange has therefore de-listed the notes pursuant to the provisions of the BSX Listing Regulations, Section I, Chapter 2, Regulation 2.33.”
The BSX said the delisting was effective on Monday.
The bonds were issued in 2013, and assigned a rating by Fitch, which wrote: “Fitch Ratings has assigned an 'AA-' rating to Bermuda's $50 million senior notes maturing Dec. 16, 2023. The notes have a coupon rate of 4.75 per cent.
“The net proceeds from the issuance of the notes will be deposited in the Sinking Fund established in 1993 as a separate legal entity for the repayment of government borrowings.”
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