Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240719
Applications were opened on Wednesday, 17 July 2024 by Bank of Jamaica for the allocation of JMD 36,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240719 through a competitive price auction. The issue date for the successful allotments is Friday, 19 July 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240719 | |
| Total Bids Received | 472 |
| Total Value of Bids Received | $52,683,418,000.00 |
| Total Offer Amount | $36,000,000,000.00 |
| Total Successful Bids | 392 |
| Total Allocated Bids | $36,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.47% |
| Average Price for Successful Bids ($): | $99.81 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $1,583,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00%/ $300,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.849%/ $50,000,000.00 |
| Bid Rate for Partial Allocation | 9.85% |
| Partial Allocation Percentage | 94.99% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 19 July 2024, will be J$135,000,000,000.00.
The next auction is scheduled for Wednesday, 24 July 2024.
