Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230804
Applications were opened on Wednesday, 02 August 2023 by Bank of Jamaica for the allocation of JMD 22,500,000,000.00 of BOJ 7.50% FR 30D-CD 20230804 through a competitive price auction. The issue date for the successful allotments is Friday, 04 August 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230804 | |
| Total Bids Received | 248 |
| Total Value of Bids Received | $30,419,723,000.00 |
| Total Offer Amount | $22,500,000,000.00 |
| Total Successful Bids | 196 |
| Total Allocated Bids | $22,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.87% |
| Average Price for Successful Bids ($): | $99.85 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / 115,279,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.00% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.149% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 9.14999% |
| Partial Allocation Percentage | 25.36% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 04 August 2023, will be J$89,500,000,000.00
The next auction is scheduled for Wednesday, 09 August 2023.
