Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.25% FR 30D – CD 20240913
Applications were opened on Wednesday, 11 September 2024 by Bank of Jamaica for the allocation of JMD 33,000,000,000.00 of BOJ 7.25% FR 30D-CD 20240913 through a competitive price auction. The issue date for the successful allotments is Friday, 13 September 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.25% FR 30D – CD 20240913 | |
| Total Bids Received | 382 |
| Total Value of Bids Received | $53,348,866,000.00 |
| Total Offer Amount | $33,000,000,000.00 |
| Total Successful Bids | 235 |
| Total Allocated Bids | $33,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.93% |
| Average Price for Successful Bids ($): | $99.99 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $ 31,300,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 11.00% / $300,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.0497%/ $1,000,000,000.00 |
| Bid Rate for Partial Allocation | 7.05% |
| Partial Allocation Percentage | 84.06% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 13 September 2024, will be J$120,000,000,000.00.
The next auction is scheduled for Wednesday, 18 September 2024.
