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 Bids334
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 Allocation10.325%
Partial Allocation Percentage28.78%

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.

Post Author: Editorial Team