Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240405
Applications were opened on Wednesday, 3 April 2024 by Bank of Jamaica for the allocation of JMD 49,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240405 through a competitive price auction. The issue date for the successful allotments is Friday, 5 April 2024.
The results from the auction are as follows:
Instrument Name: BOJ 7.50% FR 30D – CD 20240405 | |
Total Bids Received | 348 |
Total Value of Bids Received | $41,733,176,000.00 |
Total Offer Amount | $49,500,000,000.00 |
Total Successful Bids | 348 |
Total Allocated Bids | $41,733,176,000.00 |
Average Yield for Successfully Allocated Bids: | 11.59% |
Average Price for Successful Bids ($): | $99.64 |
Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $1,000,000.00 |
Highest Submitted Bid Rate (%) / Amount (JMD) | 14.29% / $800,000,000.00 |
Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 14.29% / $800,000,000.00 |
Bid Rate for Partial Allocation | N/A |
Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 5 April 2024, will be J$154,733,176,000.00
The next auction is scheduled for Wednesday, 10 April 2024.