Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240105

Applications were opened on Wednesday, 3 January 2024 by Bank of Jamaica for the allocation of JMD 21,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240105 through a competitive price auction. The issue date for the successful allotments is Friday, 5 January 2024.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20240105
Total Bids Received   301
Total Value of Bids Received$31,367,623,000.00
Total Offer Amount$21,500,000,000.00
Total Successful Bids233
Total Allocated Bids$21,500,000,000.00
Average Yield for Successfully Allocated Bids:10.32%
Average Price for Successful Bids ($):$99.73
Lowest Submitted Bid Rate (%) / Amount (JMD)9.00% / $22,739,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)15.00% / $200,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)11.00% / $1,404,639,000.00
Bid Rate for Partial Allocation11.049%
Partial Allocation Percentage11.69%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 5 January 2024, will be J$123,759,349,000.00.

The next auction is scheduled for Wednesday, 10 January 2024.

Post Author: Editorial Team