Official-Source Public Finance Notes
Bahamas bond context, with the receipts attached.
A practical snapshot of The Bahamas public debt position, annual borrowing plan, Treasury bill activity, and Bahamas Registered Stock references, organized from Ministry of Finance and Central Bank publications.
PUBLIC_DEBT_SNAPSHOT
Reviewed May 12, 2026
Independent informational page. Not a government website, broker, issuer, exchange, investment adviser, custody provider, or offer to buy or sell securities.
Data reviewed: May 12, 2026Snapshot
The current public debt picture.
The latest Ministry of Finance Public Debt Statistical Bulletin listed public sector debt at B$13.8859 billion at end-December 2025, up 2.4 percent from end-September 2025.
Total public sector debt stock
The Q2 FY2025/26 bulletin attributes the movement primarily to central Government net financing activity.
Bahamian dollar vs. foreign currency debt
The public sector stock was majority Bahamian dollar liabilities, with foreign currency debt at 43.6 percent.
Weighted average interest rate
The central Government debt portfolio WAIR edged up by 3 basis points at end-December 2025.
Average time to maturity
The bulletin reports total average time to maturity for the central Government debt portfolio.
Central Government domestic stock
Domestic debt increased by B$296.6 million during the first half of FY2025/26.
Borrowing Plan
FY2025/26 financing is mostly domestic.
The Annual Borrowing Plan sets out B$1.116 billion in gross financing needs, tied to a B$75.5 million projected surplus and B$1.1915 billion in scheduled debt repayments.
What this means
The published plan relies on Bahamian dollar borrowing, foreign currency loans, and IFI financing. The Ministry notes that final sequencing and composition can change with market conditions, cost and risk factors, and cash-flow needs.
Open the Annual Borrowing PlanGovernment Securities
Bonds, registered stock, and short-term bills.
The Central Bank acts as registrar and transfer agent for Bahamas Registered Stock and facilitates Treasury bill tenders for short-term Government securities.
Central Government BSD debt
60.9%
Bonds were the largest Bahamian-dollar instrument share
The Q2 FY2025/26 bulletin shows bonds at 60.9 percent of central Government Bahamian-dollar debt, followed by T-bills at 31.7 percent.
May 2026 T-bill notice
B$296.554M
Recent 91-day and 182-day Treasury bill term sheet
The Central Bank's May 7, 2026 term sheet listed two securities settling May 12, 2026 and maturing August 11 and November 10, 2026.
BRS reopening
B$20M
December 2025 Bahamas Registered Stock reopening
The reopening covered 2029, 2031, 2033, 2036, 2049, and 2054 maturities, with a B$100 minimum and semi-annual interest.
Plain Terms
Read the documents without guessing the jargon.
Gross financing needs
The amount the Government expects to finance after accounting for budget balance and scheduled debt repayments.
Bahamas Registered Stock
Medium- and long-term Government securities registered through the Central Bank framework.
Treasury bills
Short-term securities, generally offered through scheduled tenders and commonly structured around 91-day and 182-day tenors.
Weighted average interest rate
A portfolio-level cost measure that blends the interest rates of outstanding debt instruments.
Sources
Every number should point back to a public source.
Figures on this page were pulled from official Ministry of Finance and Central Bank pages available on May 12, 2026. Treat the page as a dated snapshot and verify current values before relying on them.