Tenders are invited for a total of $400 000 000.00 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:
400 000 000
2003 08 29
2004 02 27
The bills will be issued on a discount basis under competitive and non-competitive bidding.
Tenders 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
Persons 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.
Tenders from the public should be no later than 10:45 a.m. on Wednesday, 27 August 2003.
Tender rates for competitive bids should not exceed five
(5) decimal places.
Payment for bills must be made by Managerís Cheque payable to the Bank
of Jamaica, which must accompany each tender, or by electronic transfer.
The 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