Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20250117
Applications were opened on Wednesday, 15 January 2025 by Bank of Jamaica for the allocation of JMD 33,000,000,000.00 of BOJ 6.50% FR 30D-CD 20250117 through a competitive price auction. The issue date for the successful allotments is Friday, 17 January 2025.
The results from the auction are as follows:
| Instrument Name: BOJ 6.50% FR 30D – CD 20250117 | |
| Total Bids Received | 296 |
| Total Value of Bids Received | $37,635,330,000.00 |
| Total Offer Amount | $33,000,000,000.00 |
| Total Successful Bids | 282 |
| Total Allocated Bids | $33,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.59% |
| Average Price for Successful Bids ($): | $99.96 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $371,372,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $150,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.249% / $1,000,000.00 |
| Bid Rate for Partial Allocation | 7.355% |
| Partial Allocation Percentage | 87.06% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 17 January 2025, will be J$133,000,000,000.00.
The next auction is scheduled for Wednesday, 22 January 2025.
