Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240705
Applications were opened on Tuesday, 2 July 2024 by Bank of Jamaica for the allocation of JMD 37,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240705 through a competitive price auction. The issue date for the successful allotments is Friday, 5 July 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240705 | |
| Total Bids Received | 377 |
| Total Value of Bids Received | $45,516,415,000.00 |
| Total Offer Amount | $37,000,000,000.00 |
| Total Successful Bids | 299 |
| Total Allocated Bids | $37,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.91% |
| Average Price for Successful Bids ($): | $99.77 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $61,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00%/ $300,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.248%/ $50,000,000.00 |
| Bid Rate for Partial Allocation | 10.249% |
| Partial Allocation Percentage | 94.68% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 5 July 2024, will be J$141,500,000,000.00.
The next auction is scheduled for Wednesday, 10 July 2024.
