Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230908

Applications were opened on Wednesday, 6 September 2023 by Bank of Jamaica for the allocation of JMD 25,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230908 through a competitive price auction. The issue date for the successful allotments is Friday, 8 September 2023.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20230908
Total Bids Received   300
Total Value of Bids Received$43,871,524,000.00
Total Offer Amount$25,000,000,000.00
Total Successful Bids172
Total Allocated Bids$25,000,000,000.00
Average Yield for Successfully Allocated Bids:9.57%
Average Price for Successful Bids ($):$99.79
Lowest Submitted Bid Rate (%) / Amount (JMD)7.50% / $9,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)14.99% / $100,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)9.799% / $100,000,000.00
Bid Rate for Partial Allocation9.79999%
Partial Allocation Percentage70.93%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 8 September 2023, will be J$101,500,000,000.00

The next auction is scheduled for Wednesday, 13 September 2023.

Post Author: Editorial Team