BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 1.00% FR 30D-CD 20200131
ISIN: JMB202000049 | ||
ISSUER | BANK OF JAMAICA | |
AUCTION DATE | Wednesday, 29 January 2020 | |
OFFER VOLUME | JMD 9,000,000,000.00 | |
JMD 8,550,000,000.00 allocated on Competitive basis | ||
JMD 450,000,000.00 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 | 31 January 2020 | |
MATURITY DATE | 28 February 2020 | |
TENOR | 28 days | |
COUPON | Fixed at 1.00% per annum | |
INTEREST PAYMENT | At maturity on 28 February 2020 | |
TAXATION | Interest on this instrument is subject to the withholding of taxes. | |
STATUTORY/PRUDENTIAL | Will immediately qualify as a liquid asset | |
TREATMENT | ||
APPLICATIONS | Applications will be received via the JamClear® Central Securities | |
Depository [JamClear®-CSD] between the hours of 9:30am to 10:45 am | ||
on 29 January 2020. Settlement will be effected via accounts in the | ||
JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the | ||
Bank of Jamaica on 31 January 2020. | ||
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). |
Attachments
- Original document
- Permalink
Disclaimer
Bank of Jamaica published this content on 27 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2020 22:39:07 UTC