Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240517

Applications were opened on Wednesday, 15 May 2024 by Bank of Jamaica for the allocation of JMD 7,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240517 through a competitive price auction. The issue date for the successful allotments is Friday, 17 May 2024.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20240517
Total Bids Received   279
Total Value of Bids Received$25,058,441,000.00
Total Offer Amount$7,000,000,000.00
Total Successful Bids156
Total Allocated Bids$7,000,000,000.00
Average Yield for Successfully Allocated Bids:10.00%
Average Price for Successful Bids ($):$99.77
Lowest Submitted Bid Rate (%) / Amount (JMD)8.00% / $108,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)14.459% / $100,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)10.40% / $200,000,000.00
Bid Rate for Partial Allocation10.44%
Partial Allocation Percentage14.67%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 17 May 2024, will be J$128,500,000,000.00

The next auction is scheduled for Wednesday, 22 May 2024.

Post Author: Editorial Team