Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240510
Applications were opened on Wednesday, 8 May 2024 by Bank of Jamaica for the allocation of JMD 40,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240510 through a competitive price auction. The issue date for the successful allotments is Friday, 10 May 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240510 | |
| Total Bids Received | 400 |
| Total Value of Bids Received | $51,865,937,000.00 |
| Total Offer Amount | $40,000,000,000.00 |
| Total Successful Bids | 359 |
| Total Allocated Bids | $40,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.38% |
| Average Price for Successful Bids ($): | $99.74 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $1,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.50% / $140,626,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.849% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 10.88% |
| Partial Allocation Percentage | 60.33% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 10 May 2024, will be J$128,983,606,000.00
The next auction is scheduled for Wednesday, 15 May 2024.
