Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230406
Applications were opened on Wednesday, 05 April 2023 by Bank of Jamaica for the allocation of JMD 34,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230406 through a competitive price auction. The issue date for the successful allotments is Thursday, 06 April 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230406 | |
| Total Bids Received | 351 |
| Total Value of Bids Received | $59,705,048,000.00 |
| Total Offer Amount | $34,000,000,000.00 |
| Total Successful Bids | 253 |
| Total Allocated Bids | $34,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.49% |
| Average Price for Successful Bids ($): | $99.88 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $884,443,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.50% / $350,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.74% / $502,000,000.00 |
| Bid Rate for Partial Allocation | 8.749% |
| Partial Allocation Percentage | 75.23% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 06 April 2023, will be J$99,000,000,000.00
The next auction is scheduled for Wednesday, 12 April 2023.
