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 Bids | 222 |
| 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 Allocation | 9.95% |
| Partial Allocation Percentage | 48.47% |
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.
