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 Bids | 223 |
| 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 Allocation | 13.17% |
| Partial Allocation Percentage | 62.54% |
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.
