Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231103

Applications were opened on Wednesday, 1 November 2023 by Bank of Jamaica for the allocation of JMD 31,000,000,000.00 of BOJ 7.50% FR 30D-CD 20231103 through a competitive price auction. The issue date for the successful allotments is Friday, 3 November 2023.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20231103
Total Bids Received   262
Total Value of Bids Received$39,611,521,000.00
Total Offer Amount$31,000,000,000.00
Total Successful Bids222
Total Allocated Bids$31,000,000,000.00
Average Yield for Successfully Allocated Bids:9.64%
Average Price for Successful Bids ($):$99.79
Lowest Submitted Bid Rate (%) / Amount (JMD)8.00% / $19,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)12.00% / $300,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)9.949% / $400,000,000.00
Bid Rate for Partial Allocation9.95%
Partial Allocation Percentage48.47%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 3 November 2023, will be J$111,430,843,000.00

The next auction is scheduled for Wednesday, 8 November 2023.

Post Author: Editorial Team