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