Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230303
Applications were opened on Wednesday, 01 March 2023 by Bank of Jamaica for the allocation of JMD 28,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230303 through a competitive price auction. The issue date for the successful allotments is Friday, 03 March 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230303 | |
| Total Bids Received | 239 |
| Total Value of Bids Received | $31,928,892,000.00 |
| Total Offer Amount | $28,000,000,000.00 |
| Total Successful Bids | 222 |
| Total Allocated Bids | $28,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.95% |
| Average Price for Successful Bids ($): | $99.76 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $1,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 15.00% / $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.74% / $50,000,000.00 |
| Bid Rate for Partial Allocation | 10.749% |
| Partial Allocation Percentage | 14.07% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 03 March 2023, will be J$109,500,000,000.00
The next auction is scheduled for Wednesday, 08 March 2023.
