Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231110

Applications were opened on Wednesday, 8 November 2023 by Bank of Jamaica for the allocation of JMD 19,500,000,000.00 of BOJ 7.50% FR 30D-CD 20231110 through a competitive price auction. The issue date for the successful allotments is Friday, 10 November 2023.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20231110
Total Bids Received   264
Total Value of Bids Received$28,797,676,000.00
Total Offer Amount$19,500,000,000.00
Total Successful Bids211
Total Allocated Bids$19,500,000,000.00
Average Yield for Successfully Allocated Bids:9.53 %
Average Price for Successful Bids ($):$99.80
Lowest Submitted Bid Rate (%) / Amount (JMD)8.50% / $6,140,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)12.01% / $50,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)9.845% / $100,000,000.00
Bid Rate for Partial Allocation9.84999%
Partial Allocation Percentage18.10%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 10 November 2023, will be J$115,500,000,000.00.

The next auction is scheduled for Wednesday, 15 November 2023.

Post Author: Editorial Team