The Bank of Jamaica on Wednesday opened applications for a $15 billion 6.75% per annum certificate of deposit.
Some 241 bids were received totalling $27.41 billion.
But only 149 bids valued at $15 billion were approved.
The average yield for the successful bids was 6.7% per annum.
The lowest bid was 6% for $2 billion, while the highest bid rate was 10% for $400 million.
Treasury bill
Meanwhile, the central bank will float a 182-day $700 million treasury bill on December 4.
The settlement date will be December 6.
The yield and price of the instrument will be determined through competitive bidding and the maturity date is June 6, 2025.
The bank says $5,000 is the minimum subscription and the interest paid on the instrument is taxable at 25%.
Interest will be paid at maturity and it can be bought through the various securities brokers.
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