Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230818
Applications were opened on Wednesday, 16 August 2023 by Bank of Jamaica for the allocation of JMD 20,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230818 through a competitive price auction. The issue date for the successful allotments is Friday, 18 August 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230818 | |
| Total Bids Received | 236 |
| Total Value of Bids Received | $26,501,495,000.00 |
| Total Offer Amount | $20,000,000,000.00 |
| Total Successful Bids | 202 |
| Total Allocated Bids | $20,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.76% |
| Average Price for Successful Bids ($): | $99.78 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $2,950,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 16.99% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.00% / $910,500,000.00 |
| Bid Rate for Partial Allocation | 11.125% |
| Partial Allocation Percentage | 65.58% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 18 August 2023, will be J$93,500,000,000.00
The next auction is scheduled for Wednesday, 23 August 2023.
