Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230317

Applications were opened on Wednesday, 15 March 2023 by Bank of Jamaica for the allocation of JMD 12,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230317 through a competitive price auction. The issue date for the successful allotments is Friday, 17 March 2023.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20230317
Total Bids Received   250
Total Value of Bids Received$14,982,517,000.00
Total Offer Amount$12,000,000,000.00
Total Successful Bids223
Total Allocated Bids$12,000,000,000.00
Average Yield for Successfully Allocated Bids:10.54%
Average Price for Successful Bids ($):$99.71
Lowest Submitted Bid Rate (%) / Amount (JMD)8.50% / $2,153,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)21.00% / $100,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)13.00% / $150,000,000.00
Bid Rate for Partial Allocation13.17%
Partial Allocation Percentage62.54%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 17 March 2023, will be J$92,851,538,000.00

The next auction is scheduled for Wednesday, 22 March 2023.

Post Author: Editorial Team