Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230616
Applications were opened on Wednesday, 14 June 2023 by Bank of Jamaica for the allocation of JMD 23,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230616 through a competitive price auction. The issue date for the successful allotments is Friday, 16 June 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230616 | |
| Total Bids Received | 206 |
| Total Value of Bids Received | $30,050,848,000.00 |
| Total Offer Amount | $23,000,000,000.00 |
| Total Successful Bids | 169 |
| Total Allocated Bids | $23,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.40% |
| Average Price for Successful Bids ($): | $99.81 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.80% / $5,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 20.00% / $1,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.999% / $60,000,000.00 |
| Bid Rate for Partial Allocation | 11.00% |
| Partial Allocation Percentage | 41.80% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 16 June 2023, will be J$112,524,227,000.00
The next auction is scheduled for Wednesday, 21 June 2023.
