Results for Bank of Jamaica Fixed Rate Certificate of Deposit
6.50% BOJ FR 26-MONTH CD 2027A
Applications were opened on Monday, 6 January 2025 by Bank of Jamaica for the allocation of JMD 30,000,000,000.00 of 6.50% BOJ FR 26–MONTH CD 2027A through a competitive price auction. The issue date for the successful allotments is Wednesday, 8 January 2025.
The results from the auction are as follows:
| Instrument Name: 6.50% BOJ FR 26 – MONTH CD 2027A | |
| Total Bids Received | 238 |
| Total Value of Bids Received | $54,483,887,000.00 |
| Total Offer Amount | $30,000,000,000.00 |
| Total number of Bids Allocated | 123 |
| Total Value of Bids Allocated | $30,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.24% |
| Average Price for Successful Bids ($): | $100.52 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.849% / $500,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 8.49% / $1,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.44% / $1,100,000,000.00 |
| Bid Rate for Partial Allocation | 6.446% |
| Partial Allocation Percentage | 41.60% |
The total nominal outstanding amount for the 2-Year CDs on the settlement date – 8 January 2025, will be J$138,939,825,000.00
