Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240614
Applications were opened on Wednesday, 12 June 2024 by Bank of Jamaica for the allocation of JMD 11,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240614 through a competitive price auction. The issue date for the successful allotments is Friday, 14 June 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240614 | |
| Total Bids Received | 361 |
| Total Value of Bids Received | $33,015,898,000.00 |
| Total Offer Amount | $11,000,000,000.00 |
| Total Successful Bids | 90 |
| Total Allocated Bids | $11,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.70% |
| Average Price for Successful Bids ($): | $99.79 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.50% / $107,500,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.97% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 9.98% |
| Partial Allocation Percentage | 61.41% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 14 June 2024, will be J$129,500,000,000.00
The next auction is scheduled for Wednesday, 19 June 2024.
