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 Allocated140
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 Allocation9.74%
Partial Allocation Percentage85.95%

The total nominal outstanding amount for the 2-Year CDs on the settlement date – 10 June 2024, will be


Post Author: Editorial Team