The Bank of Jamaica says demand was strong for its latest 6 per cent certificate of deposit (CD) offer.
Investors submitted 231 bids, valued at $32.4 billion, even though the central bank was only looking to absorb $18 billion from the market to help stabilise the Jamaican dollar.
In the end, the BOJ accepted 148 bids totalling the targeted $18 billion.
The average yield on the offer came out at 5.85 per cent per annum.
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