The Bank of Jamaica says financial institutions, pension funds and members of the general public submitted 244 bids valued at $42.2 billion for the $37 billion it wanted to take out of circulation on Wednesday.
The bank, however, says it accepted only 228 of these bids for the $37 billion at an average interest rate of 5.84% per year.
The BOJ also pointed out that the lowest bid was 5% per year for $2 million, while the highest bid was 7.3% per year for $250 million.
All feeds
