Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230519
Applications were opened on Wednesday, 17 May 2023 by Bank of Jamaica for the allocation of JMD 25,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230519 through a competitive price auction. The issue date for the successful allotments is Friday, 19 May 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230519 | |
| Total Bids Received | 187 |
| Total Value of Bids Received | $40,559,164,000.00 |
| Total Offer Amount | $25,000,000,000.00 |
| Total Successful Bids | 121 |
| Total Allocated Bids | $25,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.96% |
| Average Price for Successful Bids ($): | $99.92 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $222,388,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $150,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.049% / $550,000,000.00 |
| Bid Rate for Partial Allocation | 8.04999% |
| Partial Allocation Percentage | 78.33% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 19 May 2023, will be J$109,000,000,000.00
The next auction is scheduled for Wednesday, 24 May 2023.
