BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 7.50% FR 30D-CD 20231027 JMB202300456
ISSUER
BANK OF JAMAICA
AUCTION DATE
Wednesday, 25 October 2023
OFFER VOLUME
JMD 30,000,000,000.00JMD 28,500,000,000.00 allocated on Competitive basisJMD 1,500,000,000.00 allocated on Non-competitive basis
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
27 October 2023
MATURITY DATE
24 November 2023
TENOR
28 days
COUPON
Fixed at 7.50% per annum
INTEREST PAYMENT
Atmaturity on 24 November 2023
TAXATION
Interest on this instrument is subject to the withholding of taxes.
APPLICATIONS RESERVE YIELD
Applications will be received via the JamClear® Central Securities Depository [JamClear®-CSD] between the hours of 9:30am to 10:45 am on 25 October 2023. Settlement will be effected via accounts in the JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the Bank of Jamaica on 27 October 2023. The allocation of bids will 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 Million Dollars ($1, 000, 000.00).
Post Author:
Editorial Team
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