Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231013
Applications were opened on Wednesday, 11 October 2023 by Bank of Jamaica for the allocation of JMD 28,000,000,000.00 of BOJ 7.50% FR 30D-CD 20231013 through a competitive price auction. The issue date for the successful allotments is Friday, 13 October 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20231013 | |
| Total Bids Received | 256 |
| Total Value of Bids Received | $25,687,930,000.00 |
| Total Offer Amount | $28,000,000,000.00 |
| Total Successful Bids | 189 |
| Total Allocated Bids | $15,430,843,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.54% |
| Average Price for Successful Bids ($): | $99.79 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.50% / $10,540,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 14.99% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.75% / $771,200,000.00 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 13 October 2023, will be J$105,430,843,000.00
The next auction is scheduled for Wednesday, 18 October 2023.
