Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240322
Applications were opened on Wednesday, 20 March 2024 by Bank of Jamaica for the allocation of JMD 42,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240322 through a competitive price auction. The issue date for the successful allotments is Friday, 22 March 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240322 | |
| Total Bids Received | 322 |
| Total Value of Bids Received | $43,161,469,000.00 |
| Total Offer Amount | $42,500,000,000.00 |
| Total Successful Bids | 322 |
| Total Allocated Bids | $42,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 11.12% |
| Average Price for Successful Bids ($): | $99.68 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $12,490,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.29% / $800,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 12.999% / $25,000,000.00 |
| Bid Rate for Partial Allocation | 13.29% |
| Partial Allocation Percentage | 17.32% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 22 March 2024, will be J$157,500,000,000.00
The next auction is scheduled for Wednesday, 27 March 2024.
