The [Bahamas International Securities Exchange](http://www.bisxbahamas.com) (BISX) announced today that Fidelity Bank (Bahamas) Limited has successfully completed the listing process for its Series E Redeemable 6% Fixed Rate Notes due 2018. The Notes are now listed on the Exchange under the symbol FBB18, and will trade through the BISX Automated Trading System (BATS).
CEO of Fidelity Bank, Mr. Anwer Sunderji commented: *“Fidelity is pleased to have been able to issue and list $10m in new Series E Notes as its seeks to both finance its expansion and add to
its growing base of investors. Through its Note offerings, Fidelity seeks to create unique investment opportunities through which to enable Bahamian investors to diversify their Bahamian dollar investment portfolios.”*
Fidelity in fact was the first company to take advantage of BISX’s listings of secondary issues. Since that listing the number of secondary issues listed on BISX has expanded to 7 issues from 4 companies. These securities have seen high liquidity as evidenced by their high trading volumes, and the security of trading over an organized exchange. FBB18 will become the eighth secondary issue to have been listed on the Exchange.
Speaking about the FBB18 listing, BISX CEO Keith Davies said, *”Fidelity Bank (Bahamas) Limited has a long history with the Exchange, and we are happy to welcome this new issue from them. They have shown belief in our secondary issue listing facility that we have truly appreciated. We believe the fact that these new notes were listed on BISX speaks to the value that issuers receive from these listings.”*
Mr. Davies further noted: *“Issuers benefit from a broader base of investors and a centralized location for the trading of their securities on the Exchange. National Stock Exchanges only thrive in a country when all market participants buy into the benefits that accrue
from a nation having a regulated securities Exchange. Fidelity and BISX have both benefited from the listing of these notes, but as Anwer noted, I believe that Bahamian investors benefit the most from the ability to trade secondary issues over a regulated exchange.”*