BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 7.00% FR 30D-CD 20241108
JMB202400488
ISSUER | BANK OF JAMAICA |
AUCTION DATE | Wednesday, 6 November 2024 |
OFFER VOLUME | JMD 39,000,000,000.00 JMD 37,050,000,000.00 allocated on Competitive basis JMD 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 | 8 November 2024 |
MATURITY DATE | 6 December 2024 |
TENOR | 28 days |
COUPON | Fixed at 7.00% per annum |
INTEREST PAYMENT | Atmaturity on 6 December 2024 |
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 6 November 2024. Settlement will be effected via accounts in the JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the Bank of Jamaica on 8 November 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). |