Offer of Jamaica Dollar Fixed Rate Certificate of Deposit   

Bank of Jamaica announces the offer of a two-year fixed rate Certificate of Deposit. This instrument will be allocated through a competitive price auction using JamClear®-CSD . The details of this offer are as follows:   

Instrument Name:8.50% BOJ FR 2YR CD 20240215
Auction Date:Monday, 12 February 2024
Settlement Date:Thursday, 15 February 2024
Maturity Date:Monday, 2 March 2026
Tenor:Two Years
Auction Amount:$25,000,000,000.00
Coupon:8.50 percent per annum
Pricing Format:Competitive Pricing Auction
Non-Competitive Amount:$1,250,000,000.00

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  

This instrument is available directly to Primary Dealers and commercial banks. Other investors may access this instrument through a Primary Dealer.  

Post Author: Editorial Team