OF TENDER - LOCAL
are invited for a total of $1,000 000 000.00 of Local Registered Stock
to be issued and redeemed as follows.
offer will be issued on a discount basis under competitive and
from public sector entities should be made under non-competitive bidding
and will be accepted at the weighted average price of accepted
competitive tenders. Applications
from public sector entities should be made through the Bank of Jamaica
on tender date.
Persons applying for amounts of up to $20,000.00 have the option
of making a competitive bid or of applying without specifying a price.
In the latter case, an allocation will be made at the weighted
average price of accepted competitive bids.
Persons applying for amounts above $20,000.00 must place a
competitive bid. The
maximum award to any bidder, except public sector entities, on a
non-competitive basis is $20,000.00.
Tenders from the public should be made on forms, which may be
obtained from Primary Dealers, Brokers, the Bank of Jamaica and the Debt
Management Unit - Ministry of Finance & Planning, no later than 10:30
a.m. on Thursday 26th September, 2002.
applications/tenders from Primary Dealers and Commercial Banks should be
made to the Bank of Jamaica through the electronic system provided by
the Bank of Jamaica.
applicants must include their Taxpayer Registration Number (TRN) with
must be made by banker’s draft or electronic transfer.
terms of the offer are contained in the Prospectus dated September
20, 2002, which may be obtained at the locations specified above.
The tender price for competitive bids should not exceed five (5)
Tenders should be addressed to:
for Local Registered Stock”
indicate the Stock
name and the application
Payment for Stock must be made either by a) Manager’s Cheque,
payable to the Bank of Jamaica and which must accompany each tender or
by b) direct debit to an account at the Bank of Jamaica.
The Bank of Jamaica reserves the right to reject any tender.
Applicants or their accredited representatives may receive their
Stock Certificates ten (10) business days after the date of issue of the
of Finance and Planning