Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240209
Applications were opened on Wednesday, 7 February 2024 by Bank of Jamaica for the allocation of JMD 43,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240209 through a competitive price auction. The issue date for the successful allotments is Friday, 9 February 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240209 | |
| Total Bids Received | 354 |
| Total Value of Bids Received | $52,168,019,000.00 |
| Total Offer Amount | $43,000,000,000.00 |
| Total Successful Bids | 323 |
| Total Allocated Bids | $43,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.48% |
| Average Price for Successful Bids ($): | $99.73 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $3,500,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 14.48% / $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.99999% / $2,000,000,000.00 |
| Bid Rate for Partial Allocation | 11.00% |
| Partial Allocation Percentage | 29.38% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 9 February 2024, will be J$136,002,740,000.00
The next auction is scheduled for Tuesday, 13 February 2024.
