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 Bids303
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 Allocation11.04%
Partial Allocation Percentage20.35%

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.

Post Author: Editorial Team