Results for Bank of Jamaica Fixed Rate Certificate of Deposit
8.50% BOJ FR 25-MONTH CD 2026B
Applications were opened on Monday, 22 April 2024 by Bank of Jamaica for the allocation of JMD 14,000,000,000.00 of 8.50% BOJ FR – 25 MONTH CD 2026B through a competitive price auction. The issue date for the successful allotments is Wednesday, 24 April 2024.
The results from the auction are as follows:
| Instrument Name: 8.50% BOJ FR 25-MONTH CD 2026B | |
| Total Bids Received | 259 |
| Total Value of Bids Received | $29,066,550,000.00 |
| Total Offer Amount | $14,000,000,000.00 |
| Total number of Bids Allocated | 104 |
| Total Value of Bids Allocated | $14,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.93% |
| Average Price for Successful Bids ($): | $99.18 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.499% / $465,600,000 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 14.00% / $25,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.148% / $200,000.000.00 |
| Bid Rate for Partial Allocation | 9.14999% |
| Partial Allocation Percentage | 78.85% |
The total nominal outstanding amount for the 2-Year CDs on the settlement date – 24 April 2024, will be J$59,635,100,000.00
