Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231117
Applications were opened on Wednesday, 15 November 2023 by Bank of Jamaica for the allocation of JMD 37,500,000,000.00 of BOJ 7.50% FR 30D-CD 20231117 through a competitive price auction. The issue date for the successful allotments is Friday, 17 November 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20231117 | |
| Total Bids Received | 308 |
| Total Value of Bids Received | $46,719,343,000.00 |
| Total Offer Amount | $37,500,000,000.00 |
| Total Successful Bids | 265 |
| Total Allocated Bids | $37,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.59% |
| Average Price for Successful Bids ($): | $99.79 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $5,050,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.825% / $202,505,000.00 |
| Bid Rate for Partial Allocation | 9.838% |
| Partial Allocation Percentage | 27.39% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 17 November 2023, will be J$118,000,000,000.00.
The next auction is scheduled for Wednesday, 22 November 2023.
