Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240119
Applications were opened on Wednesday, 17 January 2024 by Bank of Jamaica for the allocation of JMD 36,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240119 through a competitive price auction. The issue date for the successful allotments is Friday, 19 January 2024.
The results from the auction are as follows:
Instrument Name: BOJ 7.50% FR 30D – CD 20240119 | |
Total Bids Received | 345 |
Total Value of Bids Received | $35,095,453,000.00 |
Total Offer Amount | $36,000,000,000.00 |
Total Successful Bids | 345 |
Total Allocated Bids | $35,002,740,000.00 |
Average Yield for Successfully Allocated Bids: | 10.62% |
Average Price for Successful Bids ($): | $99.71 |
Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $16,500,000.00 |
Highest Submitted Bid Rate (%) / Amount (JMD) | 13.00% / $50,000,000.00 |
Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 13.00% / $50,000,000.00 |
Bid Rate for Partial Allocation | N/A |
Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 19 January 2024, will be J129,762,089,000.00
The next auction is scheduled for Wednesday, 24 January 2024.