Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230217
Applications were opened on Wednesday, 15 February 2023 by Bank of Jamaica for the allocation of JMD 27,500,000,000.00 of BOJ 7.50% FR 30D-CD 20230217 through a competitive price auction. The issue date for the successful allotments is Friday, 17 February 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230217 | |
| Total Bids Received | 251 |
| Total Value of Bids Received | $36,266,897,000.00 |
| Total Offer Amount | $27,500,000,000.00 |
| Total Successful Bids | 178 |
| Total Allocated Bids | $27,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.93% |
| Average Price for Successful Bids ($): | $99.76 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $9,004,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 15.00% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.20% / $1,100,000,000.00 |
| Bid Rate for Partial Allocation | 10.23% |
| Partial Allocation Percentage | 92.66% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 17 February 2023, will be J$101,500,000,000.00
The next auction is scheduled for Tuesday, 21 February 2023.
