Offer of Jamaica Dollar Fixed Rate Certificate of Deposit 

Bank of Jamaica announces the offer of a twenty-five-month fixed rate Certificate of Deposit. This instrument will be allocated through a competitive price auction using JamClear®-CSD . The details of this offer are as follows: 

Instrument Name:8.50% BOJ FR 25 MONTH – CD 20240424
Auction Date:Monday, 22 April 2024
Settlement Date:Wednesday, 24 April 2024
Maturity Date:Wednesday, 10 June 2026
Tenor:Two Year and One Month
Auction Amount:$14,000,000,000.00
Coupon:8.50 percent per annum
Pricing Format:Competitive Pricing Auction
Non-Competitive Amount:$700,000,000.00

The allocation of bids may be subject to a reserve yield. Bids above the reserve yield will not be eligible for allocation.       

The Term Sheet will be circulated via electronic mail to all Primary Dealers and commercial banks and will also be available on the Bank’s website at

This instrument is available directly to Primary Dealers and commercial banks. Other investors may access this instrument through a Primary Dealer.

Post Author: Editorial Team