Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240607
Applications were opened on Wednesday, 5 June 2024 by Bank of Jamaica for the allocation of JMD 37,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240607 through a competitive price auction. The issue date for the successful allotments is Friday, 7 June 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240607 | |
| Total Bids Received | 373 |
| Total Value of Bids Received | $44,283,004,000.00 |
| Total Offer Amount | $37,000,000,000.00 |
| Total Successful Bids | 334 |
| Total Allocated Bids | $37,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.02% |
| Average Price for Successful Bids ($): | $99.76 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $51,500,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $400,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.30% / $2,774,911,000.00 |
| Bid Rate for Partial Allocation | 10.325% |
| Partial Allocation Percentage | 28.78% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 7 June 2024, will be J$125,500,000,000.00
The next auction is scheduled for Wednesday, 12 June 2024.
