Capital Markets & Stock Exchanges

November 2026 Treasury Bill Term Sheet

The Bahamas Government will hold a Treasury bill tender on 6 November 2026 totaling B$374,407,400: B$324,533,400 of 91-day bills maturing 9 February 2027 and B$49,874,000 of 182-day bills maturing 11 May 2027, settling 10 November 2026.

Why it matters:The offer sets near-term government short-term funding and gives banks, broker-dealers and investors a defined opportunity to place bids across two tenors, with sizes able to grow or shrink. (Neutral development)

CBB 2025 Annual Report

Commonwealth Brewery Limited reported 2025 net revenue of $127.6 million versus $128.7 million in 2024, while net profit fell to $10.0 million from $14.2 million. The company cited inflation, supply chain disruption and high transportation costs.

Why it matters:A 30% drop in net profit at a major Bahamian beverage manufacturer and distributor shows cost pressures weighing on import-dependent businesses serving retail and hospitality. (Negative development)

Bahamas Registered Stock Private Placement Results - 29 October 2026

The Government of The Bahamas placed B$30 million of Bahamas Registered Stock 2027 on 29 October 2026, fully subscribed by a single commercial bank bid. Cash raised was B$30.129 million; the floating-rate stock pays prime plus 0.3125% and matures 28 March 2027.

Why it matters:The fully subscribed private placement shows continued domestic bank appetite for short-dated, prime-linked government paper, relevant to public debt management and bank liquidity deployment. (Neutral development)

Treasury Bill Tender Results - 28 and 29 October 2026

The 28–29 October 2026 tender of 364-day Treasury bills offered $208,401,000 and drew $143,939,400 in bids, all accepted, a shortfall of $64,461,600. Average yield was 3.872893% and the cut-off yield 3.949688%, with settlement on 30 October 2026.

Why it matters:Bids covered 69.07% of the amount offered, leaving the 364-day issue undersubscribed, which bears on government short-term funding and on the yields available to investors. (Neutral development)

Butterfield says CIBC acquisition on track

Butterfield Bank said its $1.8 billion acquisition of CIBC Caribbean is on course to close in the first half of 2027. CIBC Caribbean shareholders have approved the deal and regulatory applications are submitted, while few cost synergies are projected.

Why it matters:The deal brings a larger regional banking group to Caribbean markets including The Bahamas, where Butterfield will review CIBC Caribbean's Bahamian sovereign securities holdings after closing. (Neutral development)

OneSpaWorld Reports Record Third Quarter Fiscal 2026 Results

OneSpaWorld reported record third quarter fiscal 2026 total revenues of $276.5 million, net income of $28.2 million and Adjusted EBITDA of $39.2 million, raised full-year guidance, and approved a new $100 million share repurchase program and a 25% dividend increase.

Why it matters:Record results, raised guidance and expanded shareholder returns signal sustained demand for onboard wellness services across cruise partners, a sector with a significant Bahamas-based corporate presence. (Positive development)

Also reported by wallstreet:online

Butterfield (NTB) Q3 2026 Earnings Call Transcript

Butterfield reported Q3 2026 net income of $61 million ($1.50 per diluted share) and core net income of $64.2 million, with net interest margin at 2.76%. Non-accrual loans rose to 2.7% of gross loans, and the CIBC Caribbean acquisition is expected to close in the first half of 2027.

Why it matters:Strong profitability and a pending CIBC Caribbean deal expand Butterfield's regional scale, while rising UK and Channel Islands non-accruals and an expected $500 million deposit outflow are risks bank counterparties should watch. (Positive development)

Also reported by Aol