Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240112
Applications were opened on Wednesday, 10 January 2024 by Bank of Jamaica for the allocation of JMD 41,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240112 through a competitive price auction. The issue date for the successful allotments is Friday, 12 January 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240112 | |
| Total Bids Received | 331 |
| Total Value of Bids Received | $46,037,031,000.00 |
| Total Offer Amount | $41,000,000,000.00 |
| Total Successful Bids | 303 |
| Total Allocated Bids | $41,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.35% |
| Average Price for Successful Bids ($): | $99.73 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $1,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.50% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.00% / $829,796,000.00 |
| Bid Rate for Partial Allocation | 11.04% |
| Partial Allocation Percentage | 20.35% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 12 January 2024, will be J$126,759,349,000.00.
The next auction is scheduled for Wednesday, 17 January 2024.
