Tenders are invited for a total of $300 000 000.00 Jamaica Treasury Bills to be issued in accordance with this notice and the Standard Terms and Conditions for Applications/Tenders for Government of Jamaica Securities and redeemed as follows:
Maturity Date Tenor
300 000 000 2003 09 12 2004 06 11 273 days
bills will be issued on a discount basis under competitive and non-competitive
from public sector entities should be made under non-competitive bidding and
will be accepted at the weighted average bank discount rate of accepted
competitive tenders. Applications
from public sector entities should be made through the Bank of Jamaica on tender
applying for amounts of up to $5 000.00 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
rate of accepted competitive bids. Persons applying for amounts above $5 000.00
must place a competitive bid.
from the public should be no later than 10:45 a.m. on Wednesday, 10 September
rates for competitive bids should not exceed five
(5) decimal places.
for bills must be made by Managerís Cheque payable to the Bank of Jamaica,
which must accompany each tender, or by electronic transfer.
Bank reserves the right to reject any tender.
Bills should be taken up at the Bank of Jamaica within ten (10) business days of the issue date by applicants or their accredited representatives.
Bank of Jamaica