BOJ offers J$ fixed-rate certificate of deposit
The Bank of Jamaica (BOJ) has announced the issue of a 30-day fixed-rate certificate of deposit to be allocated through a competitive price auction.
The auction date is tomorrow, November 1, the settlement date Friday, November 3 and it will mature on December 1, 2017, the central bank said in a release.
The tenor is 28 days and the auction amount will be $7 billion at a coupon of four per cent per annum. The non-competitive amount is $350 million.
The term sheet will be circulated via electronic mail to all primary dealers and commercial banks and will also be available on the Bank’s website at www.boj.org.jm.