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 Bids222
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 Allocation10.749%
Partial Allocation Percentage14.07%

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.

Post Author: Editorial Team