Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240816
Applications were opened on Wednesday, 14 August 2024 by Bank of Jamaica for the allocation of JMD 33,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240816 through a competitive price auction. The issue date for the successful allotments is Friday, 16 August 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240816 | |
| Total Bids Received | 454 |
| Total Value of Bids Received | $65,901,524,000.00 |
| Total Offer Amount | $33,000,000,000.00 |
| Total Successful Bids | 224 |
| Total Allocated Bids | $33,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.84% |
| Average Price for Successful Bids ($): | $99.86 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.40% / $350,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $300,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.9989%/ $142,890,000.00 |
| Bid Rate for Partial Allocation | 8.999% |
| Partial Allocation Percentage | 44.41% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 16 August 2024, will be J$121,000,000,000.00.
The next auction is scheduled for Wednesday, 21 August 2024.
