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 Bids323
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 Allocation11.00%
Partial Allocation Percentage29.38%

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.

Post Author: Editorial Team