Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231006
Applications were opened on Wednesday, 4 October 2023 by Bank of Jamaica for the allocation of JMD 28,000,000,000.00 of BOJ 7.50% FR 30D-CD 20231006 through a competitive price auction. The issue date for the successful allotments is Friday, 6 October 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20231006 | |
| Total Bids Received | 270 |
| Total Value of Bids Received | $35,981,212,000.00 |
| Total Offer Amount | $28,000,000,000.00 |
| Total Successful Bids | 240 |
| Total Allocated Bids | $28,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.47% |
| Average Price for Successful Bids ($): | $99.80 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $1,700,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.99% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.87%/ $1,500,000.00 |
| Bid Rate for Partial Allocation | 9.99% |
| Partial Allocation Percentage | 54.05% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 6 October 2023, will be J$114,000,000,000.00
The next auction is scheduled for Wednesday, 11 October 2023.
