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 Allocated143
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 Allocation9.749%
Partial Allocation Percentage97.51%

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

Post Author: Editorial Team