Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.75% FR 30D – CD 20241220
Applications were opened on Wednesday, 18 December 2024 by Bank of Jamaica for the allocation of JMD 37,000,000,000.00 of BOJ 6.75% FR 30D-CD 20241220 through a competitive price auction. The issue date for the successful allotments is Friday, 20 December 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 6.75% FR 30D – CD 20241220 | |
| Total Bids Received | 262 |
| Total Value of Bids Received | $47,638,732,000.00 |
| Total Offer Amount | $37,000,000,000.00 |
| Total Successful Bids | 222 |
| Total Allocated Bids | $37,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.67% |
| Average Price for Successful Bids ($): | $99.97 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $4,514,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.794% / $1,000,000,000.00 |
| Bid Rate for Partial Allocation | 6.799% |
| Partial Allocation Percentage | 14.79% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 20 December 2024, will be J$141,000,000,000.00.
The next auction is scheduled for Tuesday, 24 December 2024.
