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 Bids265
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 Allocation9.838%
Partial Allocation Percentage27.39%

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.

Post Author: Editorial Team