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 Bids | 227 |
| 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 Allocation | 10.25% |
| Partial Allocation Percentage | 81.63% |
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.
