Reopening of Fixed Rate US-Dollar Indexed Note 2024A
The Bank of Jamaica announces the reopening of its three-year FR US-Dollar Indexed Note as follows:
| Instrument Name: | BOJ FR US-Dollar Indexed Note 2024A |
| Offer Period: | 19 January 2021 |
| Offer Amount: | USD40,000,000.00 |
| Maturity Date: | 11 January 2024 |
| Tenor: | Three years |
| Subscription Currency | USD |
| Settlement Currency: | Payable in JMD using US$1.00= J$141.5762 (the conversion rate at initial opening) |
| Coupon: | 3.00 percent per annum |
| 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 Bank reserves the right to close this instrument before 12:30 p.m. on Tuesday, 19 January 2021.
This instrument is available directly to Primary Dealers and commercial banks. Other investors may access these instruments through a Primary Dealer.
