BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 7.50% FR 30D-CD 20240216
|BANK OF JAMAICA
|Tuesday, 13 February 2024
JMD 37,050,000,000.00 allocated on Competitive basis
JMD 1,950,000,000.00 allocated on Non-competitive
|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.
|To be determined through competitive bidding
|16 February 2024
|15 March 2024
|Fixed at 7.50% per annum
|At maturity on 15 March 2024
|Interest on this instrument is subject to the withholding of taxes.
|Applications will be received via the JamClear® Central Securities Depository [JamClear®-CSD] between the hours of 9:30am to 10:45 am 13 February 2024. Settlement will be effected via accounts in the JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the Bank of Jamaica on 16 February 2024.
|The allocation of bids may be subject to a reserve yield. Bids above the reserve price yield will not be eligible for allocation.
|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 Million Dollars ($1, 000, 000.00).