TO: ALL SECURITIES DEALERS AND DEPOSIT-TAKING INSTITUTIONS
RE: Bank of Jamaica Purchase of Government of Jamaica (GOJ) Fixed Rate and Variable Rate Instruments
Bank of Jamaica (the Bank) advises of an operation to purchase a total nominal amount of $2.6 billion of the following GOJ instruments, on 08 July 2021:
NAME OF INSTRUMENT | OLD ISIN | NEW ISIN |
FR 11.875% Benchmark Investment Note –due 2030 | GBF01730M114 | JMG201300068 |
FR 11.25% Benchmark Investment Note – due 2046 | GBF03046B124 | JMG201600020 |
FR 12.25% Benchmark Investment Note – due 2050 | GBF03750M144 | JMG201300084 |
VR Step Up Benchmark Investment Note – due 2035 | GVS02235F134 | JMG201300134 |
Registered holders of these instruments are invited to make an offer to the Bank to participate in this operation. The offer must indicate the name of the instrument, the ISIN, the nominal amount for consideration, and the offer price. Offers should be submitted via electronic mail between the hours of 9:00am and 12:00pm on 08 July 2021 with the subject, “Bank of Jamaica Securities Operation” and sent to email address: BOJ.MarketOperations@boj.org.jm.
The Bank will determine successful offers based on best price up to a nominal amount of $2.6billion in this operation. All applicants will be advised by 2:00pm on 08 July 2021 of the outcome. Settlement for successful offers will be on 09 July 2021.