Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231020

Applications were opened on Wednesday, 18 October 2023 by Bank of Jamaica for the allocation of JMD 35,000,000,000.00 of BOJ 7.50% FR 30D-CD 20231020 through a competitive price auction. The issue date for the successful allotments is Friday, 20 October 2023.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20231020
Total Bids Received   246
Total Value of Bids Received$40,013,471,000.00
Total Offer Amount$35,000,000,000.00
Total Successful Bids227
Total Allocated Bids$35,000,000,000.00
Average Yield for Successfully Allocated Bids:9.55%
Average Price for Successful Bids ($):$99.79
Lowest Submitted Bid Rate (%) / Amount (JMD)8.00% / $10,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)13.50% / $50,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)10.145% / $200,000,000.00
Bid Rate for Partial Allocation10.25%
Partial Allocation Percentage81.63%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 20 October 2023, will be J$105,430,843,000.00

The next auction is scheduled for Wednesday, 25 October 2023.

Post Author: Editorial Team