Bank of Jamaica - 30-day CD Auction Term Sheet 4 Jan 2021

BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 1.00% FR 30D-CD 20210108

ISIN: JMB202000569

ISSUER	BANK OF JAMAICA
AUCTION DATE	Wednesday, 06 January 2021
OFFER VOLUME	JMD 10,500,000,000.00
	JMD	9, 975,000,000.00 allocated on Competitive basis
	JMD	525,000,000.00 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	08 January 2021
MATURITY DATE	05 February 2021
TENOR	28 days
COUPON	Fixed at 1.00% per annum
INTEREST PAYMENT	At maturity on 05 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 06 January 2021. Settlement will be effected via accounts in the
	JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the
	Bank of Jamaica on 08 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).