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 Bids | 156 |
| 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 Allocation | 10.44% |
| Partial Allocation Percentage | 14.67% |
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.
