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 Allocated189
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 AllocationN/A
Partial Allocation PercentageN/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

Post Author: Editorial Team