Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230721
Applications were opened on Wednesday, 19 July 2023 by Bank of Jamaica for the allocation of JMD 20,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230721 through a competitive price auction. The issue date for the successful allotments is Friday, 21 July 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230721 | |
| Total Bids Received | 270 |
| Total Value of Bids Received | $42,214,016,000.00 |
| Total Offer Amount | $20,000,000,000.00 |
| Total Successful Bids | 80 |
| Total Allocated Bids | $20,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.02% |
| Average Price for Successful Bids ($): | $99.84 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.34% / $600,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 29.99% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.498% / $500,000,000.00 |
| Bid Rate for Partial Allocation | 9.499% |
| Partial Allocation Percentage | 84.72% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 21 July 2023, will be J$94,016,428,000.00
The next auction is scheduled for Wednesday, 26 July 2023.
