Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20250110
Applications were opened on Wednesday, 8 January 2025 by Bank of Jamaica for the allocation of JMD 48,000,000,000.00 of BOJ 6.50% FR 30D-CD 20250110 through a competitive price auction. The issue date for the successful allotments is Friday, 10 January 2025.
The results from the auction are as follows:
| Instrument Name: BOJ 6.50% FR 30D – CD 20250110 | |
| Total Bids Received | 300 |
| Total Value of Bids Received | $54,534,720,000.00 |
| Total Offer Amount | $48,000,000,000.00 |
| Total Successful Bids | 278 |
| Total Allocated Bids | $48,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.40% |
| Average Price for Successful Bids ($): | $99.98 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.95% / $50,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 7.998% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.99% / $119,375,000.00 |
| Bid Rate for Partial Allocation | 6.994% |
| Partial Allocation Percentage | 58.29% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 10 January 2025, will be J$137,000,000,000.00.
The next auction is scheduled for Wednesday, 15 January 2025.
