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 Bids282
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 Allocation9.94%
Partial Allocation Percentage78.55%

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.

Post Author: Editorial Team