Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240412
Applications were opened on Wednesday, 10 April 2024 by Bank of Jamaica for the allocation of JMD 42,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240412 through a competitive price auction. The issue date for the successful allotments is Friday, 12 April 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240412 | |
| Total Bids Received | 402 |
| Total Value of Bids Received | $45,927,697,000.00 |
| Total Offer Amount | $42,000,000,000.00 |
| Total Successful Bids | 390 |
| Total Allocated Bids | $42,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 11.90% |
| Average Price for Successful Bids ($): | $99.62 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.75% / $2,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 18.99% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 14.00% / $393,100,000.00 |
| Bid Rate for Partial Allocation | 14.20% |
| Partial Allocation Percentage | 12.09% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 12 April 2024, will be J$154,733,176,000.00
The next auction is scheduled for Wednesday, 17 April 2024.
