Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240621
Applications were opened on Wednesday, 19 June 2024 by Bank of Jamaica for the allocation of JMD 40,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240621 through a competitive price auction. The issue date for the successful allotments is Friday, 21 June 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240621 | |
| Total Bids Received | 418 |
| Total Value of Bids Received | $44,685,746,000.00 |
| Total Offer Amount | $40,500,000,000.00 |
| Total Successful Bids | 398 |
| Total Allocated Bids | $40,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.75% |
| Average Price for Successful Bids ($): | $99.79 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.999% / $100,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.399%/ $15,000,000.00 |
| Bid Rate for Partial Allocation | 10.39999% |
| Partial Allocation Percentage | 60.27% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 21 June 2024, will be J$135,500,000,000.00
The next auction is scheduled for Wednesday, 26 June 2024.
