News Release
27 November 2002

 

RESULTS OF AUCTION OF FIXED RATE
LOCAL REGISTERED STOCK 2005AL, 2007AH AND 2012AC


Applications were opened today at the Bank of Jamaica for $1 200 000 000 Local Registered Stock to be dated and redeemed as follows:

 

            Offer                              Issue Date                   Maturity Date                Instrument

      400 000 000                            2002/11/29                       2005/11/29                    FR 2005AL

      400 000 000                            2002/11/29                       2007/11/29                    FR 2007AH

      400 000 000                            2002/11/29                       2012/11/29                    FR 2012AC

 
The results are as follows:

                                      13.875% FR 2005AL       14.00% FR 2007AH        14.375% FR 2012AC 

Amount Applied for              $ 888 095 000                     $1 323 087 000                        $1 664 616 000
Amount Allotted                   $ 400 000 000                     $   400 000 000                        $  400 000 000
Full Allotment (price)        95.08819 93.14587         92.49354 90.31122                 89.80391 89.53822
Full Allotment (yield)      16.00000% - 16.88000%   16.25000% - 16.95000%          16.49000% - 16.54990%
Partial Allotment (price)          93.01641                           90.28055                                 89.37178
Partial Allotment (yield)         16.93950%                         16.96000%                               16.58756%
Percentage Partial Allotment    91.562                               76.330                                     95.647
Average Yield                         16.74%                              16.69%                                   16.535%

Bank of Jamaica