Notices
ISSUERBANK OF JAMAICA
  
AUCTION DATEWednesday, 27 January 2021
  
OFFER VOLUMEJMD 10,000,000,000.00 JMD  9,500,000,000.00 allocated on Competitive basis JMD 500,000,000.00 allocated on Non-competitive basis  
  
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 DATE29 January 2021
MATURITY DATE26 February 2021
  
TENOR28 days
  
COUPONFixed at 1.00% per annum
  
INTEREST PAYMENTAt maturity on 26 February 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 9:30am to 10:45 am on 27 January 2021. Settlement will be effected via accounts in the JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the Bank of Jamaica on 29 January 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
  

Post Author: Editorial Team