Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230922
Applications were opened on Wednesday, 20 September 2023 by Bank of Jamaica for the allocation of JMD 35,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230922 through a competitive price auction. The issue date for the successful allotments is Friday, 22 September 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230922 | |
| Total Bids Received | 341 |
| Total Value of Bids Received | $45,577,725,000.00 |
| Total Offer Amount | $35,000,000,000.00 |
| Total Successful Bids | 282 |
| Total Allocated Bids | $35,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.47% |
| Average Price for Successful Bids ($): | $99.80 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.45% / $69,533,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.45% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.89%/ $400,000,000.00 |
| Bid Rate for Partial Allocation | 9.94% |
| Partial Allocation Percentage | 78.55% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 22 September 2023, will be J$109,500,000,000.00
The next auction is scheduled for Wednesday, 27 September 2023.
