Results for Bank of Jamaica Fixed Rate Certificate of Deposit
8.50% BOJ FR 25-MONTH CD 2026B
Applications were opened on Monday, 13 May 2024 by Bank of Jamaica for the allocation of JMD 20,000,000,000.00 of 8.50% BOJ FR – 25 MONTH CD 2026B through a competitive price auction. The issue date for the successful allotments is Wednesday, 15 May 2024.
The results from the auction are as follows:
| Instrument Name: 8.50% BOJ FR 25-MONTH CD 2026B | |
| Total Bids Received | 189 |
| Total Value of Bids Received | $19,304,725,000.00 |
| Total Offer Amount | $20,000,000,000.00 |
| Total number of Bids Allocated | 189 |
| Total Value of Bids Allocated | $19,304,725,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.08% |
| Average Price for Successful Bids ($): | $99.40 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.25% / $150,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 11.00% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.00% / $50,000,000.00 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 2-Year CDs on the settlement date – 15 May 2024, will be J$78,939,825,000.00
