Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.25% FR 30D – CD 20250221
Applications were opened on Wednesday, 19 February 2025 by Bank of Jamaica for the allocation of JMD 5,500,000,000.00 of BOJ 6.25% FR 30D-CD 20250221 through a competitive price auction. The issue date for the successful allotments is Friday, 21 February 2025.
The results from the auction are as follows:
| Instrument Name: BOJ 6.25% FR 30D – CD 20250221 | |
| Total Bids Received | 227 |
| Total Value of Bids Received | $28,281,320,000.00 |
| Total Offer Amount | $5,500,000,000.00 |
| Total Successful Bids | 44 |
| Total Allocated Bids | $5,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 5.77% |
| Average Price for Successful Bids ($): | $100.01 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.50% / $1,620,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 5.84% / $300,000,000.00 |
| Bid Rate for Partial Allocation | 5.849% |
| Partial Allocation Percentage | 43.44% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 21 February 2025, will be J$120,500,000,000.00.
The next auction is scheduled for Wednesday, 26 February 2025.
