Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230512
Applications were opened on Wednesday, 10 May 2023 by Bank of Jamaica for the allocation of JMD 20,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230512 through a competitive price auction. The issue date for the successful allotments is Friday, 12 May 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230512 | |
| Total Bids Received | 216 |
| Total Value of Bids Received | $27,024,506,000.00 |
| Total Offer Amount | $20,000,000,000.00 |
| Total Successful Bids | 173 |
| Total Allocated Bids | $20,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.97% |
| Average Price for Successful Bids ($): | $99.92 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $1,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.10% / $20,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.149% / $228,500,000.00 |
| Bid Rate for Partial Allocation | 8.16% |
| Partial Allocation Percentage | 8.67% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 12 May 2023, will be J$104,000,000,000.00
The next auction is scheduled for Wednesday, 17 May 2023.
