Offer of Fixed Rate US-Dollar Indexed Note
The Bank of Jamaica announces the reopening of its two year and five months FR US-Dollar Indexed Note as follows:
Instrument Name: | 6.00% US – Indexed Note 2026A |
Auction Date: | 9 January 2024 |
Settlement Date: | 11 January 2024 |
Offer Amount: | USD 96,500,000.00 |
Maturity Date: | 29 May 2026 |
Tenor: | Two Years and Five Months |
Subscription Currency | USD |
Settlement Currency: | Settlement will occur on Thursday, 11 January 2024 payable in JMD using US$1.00 = J$154.8708 (the conversion rate at initial opening) |
Coupon: | 6.00% 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 allocation of bids will be subject to a reserve yield. Bids above the reserve yield will not be eligible for allocation.
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