Bank of Jamaica : BOJ OMOs -2 year and six months FR CD - Term Sheet 4 Jan 2021

BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 2.80% FR 2023A ISIN: JMB202100021

ISSUER	BANK OF JAMAICA
AUCTION DATE	Friday, 15 January 2021
OFFER VOLUME	JMD 15,000,000,000.00
	JMD14,250, 000, 000.00 allocated on Competitive basis
	JMD 750,000,000.00 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	19 January 2021
MATURITY DATE	19 July 2023
TENOR	Two Years and Six Months
COUPON	Fixed at 2.80% per annum.
INTEREST PAYMENT	The first installment of interest will become due and payable on 19 April
	2021. Thereafter, the quarterly interest payment becomes due on 19 July, 19
	October, 19 January, 19 April until maturity on 19 July 2023.
BUSINESS DAY	In the event that a payment day occurs on a day other than a business day,
	such payments will be made on the next business day.
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 9:30 am to 11:30
	am on 15 January 2021. Settlement will be effected via accounts in the
	JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the
	Bank of Jamaica on 19 January 2021.
ENTITILEMENTS	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)