Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240216
Applications were opened on Tuesday, 13 February 2024 by Bank of Jamaica for the allocation of JMD 39,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240216 through a competitive price auction. The issue date for the successful allotments is Friday, 16 February 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240216 | |
| Total Bids Received | 277 |
| Total Value of Bids Received | $42,821,872,000.00 |
| Total Offer Amount | $39,000,000,000.00 |
| Total Successful Bids | 262 |
| Total Allocated Bids | $39,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.57% |
| Average Price for Successful Bids ($): | $99.72 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $5,582,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.98% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.25% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 11.40% |
| Partial Allocation Percentage | 16.13% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 16 February 2024, will be J$140,000,000,000.00
The next auction is scheduled for Wednesday, 21 February 2024.
