Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.75% FR 30D – CD 20241206
Applications were opened on Wednesday, 4 December 2024 by Bank of Jamaica for the allocation of JMD 39,000,000,000.00 of BOJ 6.75% FR 30D-CD 20241206 through a competitive price auction. The issue date for the successful allotments is Friday, 6 December 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 6.75% FR 30D – CD 20241206 | |
| Total Bids Received | 282 |
| Total Value of Bids Received | $ 49,378,378,000.00 |
| Total Offer Amount | $39,000,000,000.00 |
| Total Successful Bids | 235 |
| Total Allocated Bids | $39,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.73% |
| Average Price for Successful Bids ($): | $99.97 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $50,200,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 7.99999% / $1,000,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.845% / $1,500,000,000.00 |
| Bid Rate for Partial Allocation | 6.849% |
| Partial Allocation Percentage | 38.26% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 6 December 2024, will be J$146,000,000,000.00.
The next auction is scheduled for Wednesday, 11 December 2024.
