Notices

BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 2.50% FR 30D-CD 20211126

                                                              JMB202100484

ISSUERBANK OF JAMAICA 
  
AUCTION DATEWednesday, 24 November 2021
OFFER VOLUMEJMD 9,500,000,000.00
JMD 9,025,000,000.00 allocated on Competitive basis
JMD    475,000,000.00 allocated on Non-competitive
NON-COMPETITIVE BIDSAll 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 PRICETo be determined through competitive bidding
ISSUE/SETTLEMENT DATE26 November 2021 
MATURITY DATE24 December 2021
TENOR28 days                                            
COUPONFixed at 2.50% per annum
INTEREST PAYMENT         At maturity on 24 December 2021
TAXATIONInterest on this instrument is subject to the withholding of taxes.
APPLICATIONSApplications will be received via the JamClear® Central Securities Depository [JamClear®-CSD] between the hours of 9:30 am to 10:45 am on 24 November 2021. Settlement will be effected via accounts in the JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the Bank of Jamaica on 26 November 2021.
ENTITLEMENTSInterest and principal payments will be effected through accounts housed in the JamClear® RTGS on the payment date.
REGISTRATION OF SECURITIESIssued and registered in the JamClear®-CSD, which is the only legal registrar for the securities issued. 
MINIMUM BID SIZEThe minimum value for applications is JMD One Million Dollars
($1, 000, 000.00).

Post Author: ricardom