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 Bids202
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 Allocation11.125%
Partial Allocation Percentage65.58%

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.

Post Author: Editorial Team