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.