BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 6.75% FR 30D-CD 20241206 JMB202400520
ISSUER
BANK OF JAMAICA
AUCTION DATE
Wednesday, 4 December 2024
OFFER VOLUME
JMD 39,000,000,000.00JMD 37,050,000,000.00 allocated on Competitive basisJMD 1,950,000,000.00 allocated on Non-competitive
NON-COMPETITIVE BIDS
All bids from Public Sector Entities must be submitted as non-competitive bids. Bids allotted on a non-competitive basis will be settled at the weighted average price for the successfully allotted competitive bids. All bids from entities other than Public Sector entities must be submitted on a competitive basis.
ISSUE PRICE
To be determined through competitive bidding
ISSUE/SETTLEMENT DATE
6 December 2024
MATURITY DATE
3 January 2025
TENOR
28 days
COUPON
Fixed at 6.75% per annum
INTEREST PAYMENT
Atmaturity on 3 January 2025
TAXATION
Interest on this instrument is subject to the withholding of taxes.
APPLICATIONS
Applications will be received via the JamClear® Central Securities Depository [JamClear®-CSD] between the hours of 9:30am to 10:45am 4 December 2024. Settlement will be effected via accounts in the JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the Bank of Jamaica on 6 December 2024.
RESERVE YIELD
The allocation of bids may be subject to a reserve yield. Bids above the reserve price yield will not be eligible for allocation.
ENTITLEMENTS
Interest and principal payments will be effected through accounts housed in the JamClear® RTGS on the payment date.
REGISTRATION OF SECURITIES
Issued and registered in the JamClear®-CSD, which is the only legal registrar for the securities issued.
MINIMUM BID SIZE
The minimum value for applications is JMD One Hundred Thousand Dollars ($100,000.00).
Post Author:
Editorial Team
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