Results for Bank of Jamaica Fixed Rate Certificate of Deposit
8.00% BOJ FR 13-MTH CD 2024D
Applications were opened on Monday, 08 May 2023 by Bank of Jamaica for the allocation of
JMD 22,000,000,000.00 of 8.00% BOJ FR 13 – MTH CD 2024D through a competitive price auction. The issue date for the successful allotments is Wednesday, 10 May 2023.
The results from the auction are as follows:
| Instrument Name: 8.00% BOJ FR 13-MTH CD 2024D | |
| Total Bids Received | 182 |
| Total Value of Bids Received | $32,755,417,000.00 |
| Total Offer Amount | $22,000,000,000.00 |
| Total number of Bids Allocated[1] | 109 |
| Total Value of Bids Allocated1 | $22,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.99% |
| Average Price for Successful Bids ($): | $100.01 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.499% / $100,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.176% / $15,000,000.00 |
| Bid Rate for Partial Allocation | 8.19% |
| Partial Allocation Percentage | 16.66% |
[1] Bids were allocated in keeping with the reserve yield.
