Notices

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 Bids173
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 Allocation8.16%
Partial Allocation Percentage8.67%

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.

Post Author: Editorial Team