Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230915

Applications were opened on Wednesday, 13 September 2023 by Bank of Jamaica for the allocation of JMD 24,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230915 through a competitive price auction. The issue date for the successful allotments is Friday, 15 September 2023.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20230915
Total Bids Received   284
Total Value of Bids Received$37,601,066,000.00
Total Offer Amount$24,000,000,000.00
Total Successful Bids222
Total Allocated Bids$24,000,000,000.00
Average Yield for Successfully Allocated Bids:9.41%
Average Price for Successful Bids ($):$99.80
Lowest Submitted Bid Rate (%) / Amount (JMD)8.25% / $10,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)13.999% / $250,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)9.79% / $100,387,000.00
Bid Rate for Partial Allocation9.795%
Partial Allocation Percentage22.19%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 15 September 2023, will be J$105,500,000,000.00

The next auction is scheduled for Wednesday, 20 September 2023.

Post Author: Editorial Team