Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230310
Applications were opened on Wednesday, 08 March 2023 by Bank of Jamaica for the allocation of JMD 25,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230310 through a competitive price auction. The issue date for the successful allotments is Friday, 10 March 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230310 | |
| Total Bids Received | 260 |
| Total Value of Bids Received | $23,851,538,000.00 |
| Total Offer Amount | $25,000,000,000.00 |
| Total Successful Bids | 260 |
| Total Allocated Bids | $23,851,538,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.44% |
| Average Price for Successful Bids ($): | $99.73 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $167,740,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 15.00% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 15.00% / $100,000,000.00 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 10 March 2023, will be J$108,351,538,000.00
The next auction is scheduled for Wednesday, 15 March 2023.
