NASSAU, BAHAMAS: The Central Bank of The Bahamas says investor demand for government securities strengthened during the second quarter of 2026, with the market absorbing more debt than was issued as the government refinanced existing obligations.
According to the Central Bank’s latest Market Recap, approximately $1.4 billion in Bahamas Government securities was issued between April and June, primarily to refinance existing debt. Treasury bills accounted for 95 percent of the issuance, while Bahamas Registered Stock (BRS) represented the remaining 5 percent.
The Central Bank said the overall market absorption rate increased to 120 percent during the second quarter, up from 109 percent in the first quarter, reflecting stronger investor appetite for government debt.
Demand for Treasury bills also improved, with the average absorption rate rising to 114 percent, up 10 percentage points from the previous quarter. The 182-day Treasury bill recorded the strongest demand, posting an average absorption rate of 174 percent.
Meanwhile, investors subscribed $152.8 million in Bahamas Registered Stock during the quarter, exceeding the amount offered by $81.8 million. This pushed the average BRS absorption rate to 213 percent, up from 164 percent in the first quarter.
The Central Bank noted that investors continued to favour shorter-term government securities, with the three-, five-, and seven-year BRS issues accounting for approximately 81 percent of total subscriptions, while 10-, 20-, and 30-year securities attracted the remaining 19 percent.
