Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.25% FR 30D – CD 20240906
Applications were opened on Wednesday, 4 September 2024 by Bank of Jamaica for the allocation of JMD 7,000,000,000.00 of BOJ 7.25% FR 30D-CD 20240906 through a competitive price auction. The issue date for the successful allotments is Friday, 6 September 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.25% FR 30D – CD 20240906 | |
| Total Bids Received | 295 |
| Total Value of Bids Received | $ 32,624,891,000.00 |
| Total Offer Amount | $7,000,000,000.00 |
| Total Successful Bids | 39 |
| Total Allocated Bids | $7,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.03% |
| Average Price for Successful Bids ($): | $99.98 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.50% / $108,900,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.125% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.14989%/ $1,000,000,000.00 |
| Bid Rate for Partial Allocation | 7.15% |
| Partial Allocation Percentage | 60.39% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 6 September 2024, will be J$120,000,000,000.00.
The next auction is scheduled for Wednesday, 11 September 2024.
