Results for Bank of Jamaica Fixed Rate Certificate of Deposit
8.15% BOJ FR 17-MTH CD 2024E
Applications were opened on Monday, 24 July 2023 by Bank of Jamaica for the allocation of JMD 30,000,000,000.00 of 8.15% BOJ FR 17 – MTH CD 2024E through a competitive price auction. The issue date for the successful allotments is Wednesday, 26 July 2023.
The results from the auction are as follows:
| Instrument Name: 8.15% BOJ FR 17-MTH CD 2024E | |
| Total Bids Received | 146 |
| Total Value of Bids Received | $26,591,998,000.00 |
| Total Offer Amount | $30,000,000,000.00 |
| Total number of Bids Allocated 1 | 91 |
| Total Value of Bids Allocated 1 | $19,519,398,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.71% |
| Average Price for Successful Bids ($): | $99.26 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.999% / $400,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.00% / $20,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.00% / $1,046,000,000 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
[1] Bids were allocated in keeping with the reserve yield.
