Results for Bank of Jamaica Fixed Rate Certificate of Deposit
8.50% BOJ FR 2-YR CD 2025A
Applications were opened on Tuesday, 10 October 2023 by Bank of Jamaica for the allocation of JMD 25,000,000,000.00 of 8.50% BOJ FR 2 – YR CD 2025A through a competitive price auction. The issue date for the successful allotments is Thursday, 12 October 2023.
The results from the auction are as follows:
| Instrument Name: 8.50% BOJ FR 2-YR CD 2025A | |
| Total Bids Received | 151 |
| Total Value of Bids Received | $19,155,600,000.00 |
| Total Offer Amount | $25,000,000,000.00 |
| Total number of Bids Allocated 1 | 108 |
| Total Value of Bids Allocated 1 | $12,635,100,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.26% |
| Average Price for Successful Bids ($): | $98.63 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.45% / $50,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 18.00% / $150,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.50% / $858,600,000.00 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 2-Year CDs on the settlement date –12 October 2023, will be J$34,339,435,000.00
[1] Bids were allocated in keeping with the reserve yield.
