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 Bids262
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 Allocation11.40%
Partial Allocation Percentage16.13%

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.

Post Author: Editorial Team