Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230414
Applications were opened on Wednesday, 05 April 2023 by Bank of Jamaica for the allocation of JMD 17,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230414 through a competitive price auction. The issue date for the successful allotments is Friday, 14 April 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230414 | |
| Total Bids Received | 275 |
| Total Value of Bids Received | $40,734,116,000.00 |
| Total Offer Amount | $17,000,000,000.00 |
| Total Successful Bids | 161 |
| Total Allocated Bids | $17,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.41% |
| Average Price for Successful Bids ($): | $99.89 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $577,840,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 11.50% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.55% / $200,000,000.00 |
| Bid Rate for Partial Allocation | 8.59% |
| Partial Allocation Percentage | 31.06% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 14 April 2023, will be J$104,000,000,000.00
The next auction is scheduled for Wednesday, 19 April 2023.
