Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230113
Applications were opened on Wednesday, 11 January 2023 by Bank of Jamaica for the allocation of JMD 25,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230113 through a competitive price auction. The issue date for the successful allotments is Friday, 13 January 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230113 | |
| Total Bids Received | 289 |
| Total Value of Bids Received | $32,745,968,000.00 |
| Total Offer Amount | $25,000,000,000.00 |
| Total Successful Bids | 219 |
| Total Allocated Bids | $25,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.39% |
| Average Price for Successful Bids ($): | $99.81 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $409,004,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $150,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.99999% / $1,000,000,000.00 |
| Bid Rate for Partial Allocation | 10.00% |
| Partial Allocation Percentage | 10.63% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 13 January 2023, will be J$82,460,611,000.00
The next auction is scheduled for Wednesday, 18 January 2023.
