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.