Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20241115
Applications were opened on Wednesday, 13 November 2024 by Bank of Jamaica for the allocation of JMD 52,000,000,000.00 of BOJ 7.00% FR 30D-CD 20241115through a competitive price auction. The issue date for the successful allotments is Friday, 15 November 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20241115 | |
| Total Bids Received | 350 |
| Total Value of Bids Received | $61,016,464,000.00 |
| Total Offer Amount | $52,000,000,000.00 |
| Total Successful Bids | 326 |
| Total Allocated Bids | $52,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.97% |
| Average Price for Successful Bids ($): | $99.97 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.00% / $1,813,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.39% / $50,000,000.00 |
| Bid Rate for Partial Allocation | 7.398% |
| Partial Allocation Percentage | 47.51% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 15 November 2024, will be J$143,000,000,000.00.
The next auction is scheduled for Wednesday, 20 November 2024.
