BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 7.50% FR 30D-CD 20240301
JMB202400090
| ISSUER | BANK OF JAMAICA |
| AUCTION DATE | Wednesday, 28 February 2024 |
| OFFER VOLUME | JMD 26,500,000,000.00 JMD 25,175,000,000.00 allocated on Competitive basis JMD 1,325,000,000.00 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 | 1 March 2024 |
| MATURITY DATE | 28 March 2024 |
| TENOR | 27 days |
| COUPON | Fixed at 7.50% per annum |
| INTEREST PAYMENT | At maturity on 28 March 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 10:45 am 28 February 2024. Settlement will be effected via accounts in the JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the Bank of Jamaica on 1 March 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 Million Dollars ($1, 000, 000.00). |
