Bank of Jamaica
The Bank of Jamaica says it received 241 bids totaling J$27.41 billion for the $15 billion it offered last Wednesday, at 6.25% per annum.
The transaction was settled on Friday with the bank reporting that it accepted only 149 bids for the $15 billion on offer.
The money is to help fund this year's $1.38 trillion budget.
The average yield for the successful bids was 6.7% per annum, while the lowest bid was for J2 billion, at six per cent.
The highest bid was for J400 million, at 10% per annum.
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