News Release
14 July 1999
TREASURY BILLS (Results)
Applications were opened today at the Bank of Jamaica for $850 000 000.00 Treasury
Bills to be dated and redeemed as follows:
Offer
$550 000 000
$300 000 000
Issue Date
Maturity Date
1999/07/16
1999/07/16
1999/09/10
2000/04/14
Tenor
56 days
273 days
The results are as follows:
56 days
273 days
Amount Applied for
$579 123 900
$1 136 519 600
Amount Allotted
$550 000 000
$300 000 000
Full Allotment(price)
97.13850-96.88010
89.95000-86.71120
Full Allotment(yield)
19.20027%-20.98992%
14.93809%-20.48995%
Partial Allotment(price)
96.87865
86.70610
Partial Allotment(yield)
20.99999%
20.49902%
Percentage
86.254
51.022
Average Discount
19.55%
17.54%
Average Yield
20.15%
20.19%
Total nominal amount of Treasury Bills outstanding as at Friday, 16 July 1999 is $10 200
000 000.00.
Applications for the next issue of Treasury Bills must be lodged at the Bank of Jamaica
by 10:30 a.m. on Wednesday, 28 July 1999.
Bank of Jamaica