The Bahamas is an established and well-regulated financial centre, together with Butterfield's proven experience and international footprint, we are well-placed to deliver a wide range of fiduciary and administration solutions built around your needs.
Dedicated to time-honoured service values, our team of experienced professionals is always available to discuss your requirements.
What we do and who we are
Important information
The global financial industry, including Butterfield is preparing to transition away from a key benchmark interest rate – the London Interbank Offered Rate, or LIBOR – to new alternative reference rates. Regulators have called for LIBOR to be replaced, with a transition period continuing in 2022, thereby allowing Butterfield time to engage with customers, who have credit / loan agreements that incorporate adjustable interest rates and LIBOR referenced as a benchmark.
Whilst the global LIBOR transition is an evolving process, Butterfield’s immediate response is to provide awareness of this process and thereafter ensure a smooth transition for customers. Therefore Butterfield has been orderly transitioning customers to alternate reference rates and these actions will continue for the remainder of transition period. Customer credit agreements are being reviewed to determine any requirement for amended contract language to incorporate a replacement rate.
Butterfield will be proactively contacting customers during the transition period to discuss the relevant approach. Importantly the Bank will be guided by industry language and regulatory standards to ensure customer consistency and fairness with the approach adopted.
To minimise future impact and disruption, Butterfield will no longer issue any new Credit Agreements that use LIBOR as a sole reference interest rate.
Should our customers have any questions regarding LIBOR transition or Credit Agreements, they should contact their Relationship Manager or the Client Services Team to discuss.
Property Location
The northern side of East Bay Street, aka Eastern Road, Eastern New Providence, The Bahamas
Property Description
Single family residence with 3-bed, 3-bath, infinity swimming pool and detached guest house, known as “Beach Palms” aka “Sunnydale”.
Directions to Property
Starting from the junction of Eastern Road aka East Bay Street and Fox Hill Road, heading westward along Eastern Road aka East Bay Street; continue to pass Mount Vernon Road on the left hand side; then continuing to the subject site being the fourth (4th) property on the right hand (Northern) side.
Listing Price
US$ 1,635,000
Realtor Contact
Luxury Estate Agent HG Christie Ltd.
Christie’s International Real Estate Millar’s Court, Nassau, Bahamas
Aaron Davis
Email: [email protected]
Mobile: 1 (242) 455 5375
Office: 1 (242) 322 1041