BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 1.00% FR 30D-CD 20210129
ISIN:JMB202100054
ISSUER | BANK OF JAMAICA | |
AUCTION DATE | Wednesday, 27 January 2021 | |
OFFER VOLUME | JMD 10,000,000,000.00 | |
JMD | 9,500,000,000.00 allocated on Competitive basis | |
JMD | 500,000,000.00 allocated on Non-competitive basis | |
NON-COMPETITIVE BIDS | All bids from Public Sector Entities must be submitted as non-competitive | |
bids. Bids allotted on a non-competitive basis will be settled at the weighted | ||
average price for the successfully allotted competitive bids. | ||
All bids from entities other than Public Sector entities must be submitted | ||
on a competitive basis. | ||
ISSUE PRICE | To be determined through competitive bidding | |
ISSUE/SETTLEMENT DATE | 29 January 2021 | |
MATURITY DATE | 26 February 2021 | |
TENOR | 28 days | |
COUPON | Fixed at 1.00% per annum | |
INTEREST PAYMENT | At maturity on 26 February 2021 | |
TAXATION | Interest on this instrument is subject to the withholding of taxes. | |
APPLICATIONS | Applications will be received via the JamClear® Central Securities | |
Depository [JamClear®-CSD] between the hours of 9:30am to 10:45 am | ||
on 27 January 2021. Settlement will be effected via accounts in the | ||
JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the | ||
Bank of Jamaica on 29 January 2021. | ||
ENTITLEMENTS | Interest and principal payments will be effected through accounts housed in | |
the JamClear® RTGS on the payment date. | ||
REGISTRATION OF SECURITIES | Issued and registered in the JamClear®-CSD, which is the only legal registrar | |
for the securities issued. | ||
MINIMUM BID SIZE | The minimum value for applications is JMD One Million Dollars | |
($1, 000, 000.00). |
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Bank of Jamaica published this content on 25 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2021 14:51:07 UTC