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 Bids | 233 |
| 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 Allocation | 11.049% |
| Partial Allocation Percentage | 11.69% |
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.
