Bank of Jamaica
The Bank of Jamaica will be floating another 6.25% per annum fixed rate Certificate of Deposit on Tuesday in order to mop-up J$10 billion in liquidity.
This is intended to help contain inflation as well as to stabilise the dollar.
Nine-point-five billion dollars will be allocated under competitive bidding, while $500 million will be allocated under non-competitive bidding.
The interest paid on the instrument, which matures on April 25, will be
subject to the 25 per cent withholding tax while the minimum subscription (the minimum amount which can be bought) is $100,000.
comments powered by Disqus
All feeds
