Results for Bank of Jamaica Fixed Rate Certificate of Deposit
8.50% BOJ FR 2-YR CD 2026A
Applications were opened on Monday, 12 February 2024 by Bank of Jamaica for the allocation of JMD 25,000,000,000.00 of 8.50% BOJ FR 2 – YR CD 2026A through a competitive price auction. The issue date for the successful allotments is Thursday, 15 February 2024.
The results from the auction are as follows:
| Instrument Name: 8.50% BOJ FR 2-YR CD 2026A | |
| Total Bids Received | 204 |
| Total Value of Bids Received | $39,951,979,000.00 |
| Total Offer Amount | $25,000,000,000.00 |
| Total number of Bids Allocated | 143 |
| Total Value of Bids Allocated | $25,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.41% |
| Average Price for Successful Bids ($): | $98.33 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.40% / $50,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.50% / $25,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.748% / $400,000,000.00 |
| Bid Rate for Partial Allocation | 9.749% |
| Partial Allocation Percentage | 97.51% |
The total nominal outstanding amount for the 2-Year CDs on the settlement date –15 February 2024, will be J$51,564,425,000.00
