Results for Bank of Jamaica Fixed Rate Certificate of Deposit
7.75% BOJ FR 2-YR CD 2026C
Applications were opened on Friday, 30 August 2024 by Bank of Jamaica for the allocation of JMD 20,000,000,000.00 of 7.75% BOJ FR 2 – YR CD 2026C through a competitive price auction. The issue date for the successful allotments is Tuesday, 3 September 2024.
The results from the auction are as follows:
| Instrument Name: 7.75% BOJ FR 2-YR CD 2026C | |
| Total Bids Received | 301 |
| Total Value of Bids Received | $53,536,142,000.00 |
| Total Offer Amount | $20,000,000,000.00 |
| Total number of Bids Allocated | 159 |
| Total Value of Bids Allocated | $20,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.15% |
| Average Price for Successful Bids ($): | $101.11 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.98889% / $3,000,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.50% / $25,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.475% / $200,000,000.00 |
| Bid Rate for Partial Allocation | 7.48% |
| Partial Allocation Percentage | 16.86% |
The total nominal outstanding amount for the 2-Year CDs on the settlement date –3 September 2024, will be J$$108,939,825,000.00
