Results for Bank of Jamaica Fixed Rate Certificate of Deposit
8.50% BOJ FR 25-MONTH CD 2026B
Applications were opened on Thursday, 6 June 2024 by Bank of Jamaica for the allocation of JMD 18,000,000,000.00 of 8.50% BOJ FR – 25 MONTH CD 2026B through a competitive price auction. The issue date for the successful allotments is Monday, 10 June 2024.
The results from the auction are as follows:
| Instrument Name: 8.50% BOJ FR 25-MONTH CD 2026B | |
| Total Bids Received | 245 |
| Total Value of Bids Received | $28,459,615,000.00 |
| Total Offer Amount | $18,000,000,000.00 |
| Total number of Bids Allocated | 140 |
| Total Value of Bids Allocated | $18,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.21% |
| Average Price for Successful Bids ($): | $99.80 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.99% / $2,935,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.699% / $200,000,000.00 |
| Bid Rate for Partial Allocation | 9.74% |
| Partial Allocation Percentage | 85.95% |
The total nominal outstanding amount for the 2-Year CDs on the settlement date – 10 June 2024, will be
J$96,939,825,000.00
