About

NASSAU, Bahamas, October 19, 2026 — The Commonwealth of the Bahamas (the “Government”) announced today the commencement of an offer to purchase for cash (the “Offer”) from each registered holder or beneficial owner (each, a “Holder” and, collectively, the “Holders”) its outstanding series of notes listed in the table below (collectively, the “Notes”) such that the maximum amount to be paid for the outstanding principal amount of each series of Notes validly tendered and accepted for purchase pursuant to the Offer, not including interest accrued and unpaid thereon, is to be determined by the Government in its sole discretion (such amount for each series, the “Maximum Purchase Price”). The terms and conditions of the Offer are set forth in the offer to purchase, dated October 19, 2026 (the “Offer to Purchase”).

The Offer is not conditioned upon any minimum participation of any series of Notes, but is conditioned, among other things, on the concurrent (or earlier) closing of an issuance of new global notes (the “New Notes”), in an aggregate principal amount sufficient to fund the Offer, with pricing and on terms and conditions acceptable to the Government in its sole discretion (the “New Notes Offering”). The New Notes Offering is being made solely by means of an offering memorandum relating to the offering of the New Notes, and neither this announcement nor the Offer to Purchase constitutes an offer to sell or the solicitation of an offer to buy the New Notes. The purchase price to be paid per U.S.$1,000 principal amount of each series of Notes that are accepted

pursuant to the Offer will be an amount equal to the fixed price indicated in the table below (such amount for each series, the “Purchase Price”). In addition to the Purchase Price, Holders whose Notes are accepted for purchase in the Offer will also receive any accrued and unpaid interest from, and including, the last applicable interest payment date for such Notes up to, but excluding, the Settlement Date (as defined below) (the “Accrued Interest”). If the aggregate Purchase Price for all validly tendered Notes of a series (the “Tendered Aggregate Purchase Price”) would exceed the Maximum Purchase Price forsuch series, then the Government will, in its sole discretion, apply a proration factor to the tenders of such series.

See Document for full release information.

Source: Ministry of Finance, The Bahamas
Date: 18 September 2026
Contact: Financemail@bahamas.gov.bs

The Ministry of Finance is pleased to release its report on government’s fiscal operations for the month of May 2026, as mandated by the Public Finance Management Act, 2023.

Revenue collections strengthened by $3.6 million (1.4 percent) year-over-year to $271.7 million in May 2026. This outcome reflected gains in non-tax revenue of $7.7 million (25.5 percent) to $37.9 million, supported by $10.0 million receipts related to bank fees and higher property income. Tax revenue, however, declined by $4.1 million (1.7 percent), as a $16.9 million (147.2 percent) increase in taxes on financial and capital transactions was more than offset by reductions in taxes on international trade and transactions of $8.5 million (12.8 percent), largely due to lower excise duty receipts, VAT collections of $7.1 million (5.9 percent) and taxes on property of $3.6 million (34.5 percent).

Recurrent expenditure grew by $7.5 million (3.3 percent) to $233.2 million, mainly on account of gains in personal emoluments of $6.5 million (9.4 percent) and a two-fold hike in subsidies to $38.4 million. These increases were partly offset by a $19.9 million (32.0 percent) reduction in interest payments and a $3.7 million (8.0 percent) decline in spending on goods and services. Capital expenditure decreased by $3.9 million (29.6 percent) to $9.3 million, reflecting lower spending on the acquisition of non-financial assets.

As a result of these developments, the Government recorded an estimated fiscal surplus of $29.2 million in May 2026, unchanged from the corresponding period in the previous year. Financing activities during the month resulted in a net repayment of $25.1 million, as borrowings of $100.7 million, sourced entirely from domestic debt issuances, were more than offset by debt repayments totaling $125.8 million.

The public is encouraged to visit the national Budget Website (www.bahamasbudget.gov.bs) to view all fiscal reports.

Source: Ministry of Finance, The Bahamas
Date: August 27, 2026
Contact: Financemail@bahamas.gov.bs

The Ministry of Finance is pleased to release its monthly report on government’s fiscal operations for the month of April 2026, as mandated by the Public Finance Management Act, 2023.

For the review month, total revenue increased by $15.7 million (4.5 percent) to $363.2 million, although tax revenue decreased by $2.9 million (1.2 percent) to $322.9 million. Gains in tax collections were associated with a sharp improvement in taxes on international trade and transactions of $8.7 million (11.2 percent), as the robust growth in tourism underpinned stronger receipts from the tourism sustainability levy and departure taxes. VAT collections also increased by $16.7 million (10.4 percent). In a partial offset, declines were posted for receipts from taxes on the use and permission to use goods and property tax collections of $25.1 million (50.9 percent), respectively. Non‑tax revenue increased by $18.7 million (86.5% percent) to $40.3 million, supported by higher general registration fees and dividend income.

Recurrent expenditure declined by $41.2 million (12.4 percent). There was also a $8.6 million (12.2 percent) decline in outlays for the use of goods and services, which included lower payments for utilities and communications costs. Capital expenditure increased by $16.8 million to $35.23 million, the bulk of which was directed to non‑financial assets.

As a result of these developments, the government recorded an estimated fiscal surplus of $36.7 million in April 2026, increased from a $3.4 million deficit in the corresponding period of the prior year. Financing operations during the month decreased the outstanding debt stock by an estimated 2.9 million, largely reflecting domestic borrowing activity.

The public is encouraged to visit the national Budget Website (www.bahamasbudget.gov.bs) to view all fiscal reports.