BANK OF JAMAICA FIXED RATE CERTIFICATE OF DEPOSIT: 1.00% FR 30D-CD 20201030
ISIN: JMB202000460 | |
ISSUER | BANK OF JAMAICA |
AUCTION DATE | Wednesday, 28 October 2020 |
OFFER VOLUME | JMD 7,000,000,000.00 |
JMD 6,650,000,000.00 allocated on Competitive basis | |
JMD 350,000,000.00 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 | 30 October 2020 |
MATURITY DATE | 27 November 2020 |
TENOR | 28 days |
COUPON | Fixed at 1.00% per annum |
INTEREST PAYMENT | At maturity on 27 November 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 28 October 2020. Settlement will be effected via accounts in the | |
JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the | |
Bank of Jamaica on 30 October 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). |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Bank of Jamaica published this content on 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2020 18:49:05 UTC