Offer of Fixed Rate US-Dollar Indexed Note
The Bank of Jamaica announces the offer of a two and a half year FR US-Dollar Indexed Note as follows:
| Instrument Name: | 2.20% US – Indexed Note 2024B |
| Auction Date: | 20 October 2021 |
| Settlement Date: | 22 October 2021 |
| Offer Amount: | USD80,000,000.00 |
| Maturity Date: | 22 April 2024 |
| Tenor: | Two Years and Six Months |
| Subscription Currency | USD |
| Settlement Currency: | Payable in JMD using the10-day moving average buying exchange rate applicable on Wednesday, 20 October 2021 i.e. the rate published on Tuesday, 19 October 2021. |
| Coupon: | 2.20 percent per annum |
| Pricing Format: | Competitive Pricing Auction |
| Interest Payment Frequency: | Quarterly |
| Rate of Exchange for Payment of Principal and Interest: | For each quarterly interest payment and at maturity, the applicable exchange rate will be the 10-day moving average selling exchange rate applicable on the date of payment. |
| Prepayment Option: | Bank of Jamaica reserves the right to effect prepayment operations on this instrument. The terms and conditions for all prepayment operations applicable to this instrument will be provided in the Term Sheet. |
The Term Sheet will be circulated via electronic mail to all Primary Dealers and commercial banks and will also be available on the Bank’s website at www.boj.org.jm.
This instrument is available directly to Primary Dealers and commercial banks. Other investors may access these instruments through a Primary Dealer
