Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230224

Applications were opened on Tuesday, 21 February 2023 by Bank of Jamaica for the allocation of JMD 29,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230224 through a competitive price auction. The issue date for the successful allotments is Friday, 24 February 2023.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20230224
Total Bids Received   310
Total Value of Bids Received$34,298,859,000.00
Total Offer Amount$29,000,000,000.00
Total Successful Bids269
Total Allocated Bids$29,000,000,000.00
Average Yield for Successfully Allocated Bids:9.87%
Average Price for Successful Bids ($):$99.77
Lowest Submitted Bid Rate (%) / Amount (JMD)8.50% / $94,024,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)13.50% / $550,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)10.41% / $100,000,000.00
Bid Rate for Partial Allocation10.44%
Partial Allocation Percentage81.54%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 24 February 2023, will be J$104,500,000,000.00

The next auction is scheduled for Wednesday, 01 March 2023.

Post Author: Editorial Team