Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.25% FR 30D – CD 20240920
Applications were opened on Wednesday, 18 September 2024 by Bank of Jamaica for the allocation of JMD 51,000,000,000.00 of BOJ 7.25% FR 30D-CD 20240920 through a competitive price auction. The issue date for the successful allotments is Friday, 20 September 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.25% FR 30D – CD 20240920 | |
| Total Bids Received | 355 |
| Total Value of Bids Received | $70,638,542,000.00 |
| Total Offer Amount | $51,000,000,000.00 |
| Total Successful Bids | 283 |
| Total Allocated Bids | $51,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.80% |
| Average Price for Successful Bids ($): | $100.00 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $22,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.50% / $300,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.9998% / $15,000,000.00 |
| Bid Rate for Partial Allocation | 7.00% |
| Partial Allocation Percentage | 66.10% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 20 September 2024, will be J$122,000,000,000.00.
The next auction is scheduled for Wednesday, 25 September 2024.
