Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240223
Applications were opened on Wednesday, 21 February 2024 by Bank of Jamaica for the allocation of JMD 38,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240223 through a competitive price auction. The issue date for the successful allotments is Friday, 23 February 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240223 | |
| Total Bids Received | 348 |
| Total Value of Bids Received | $39,922,039,000.00 |
| Total Offer Amount | $38,500,000,000.00 |
| Total Successful Bids | 339 |
| Total Allocated Bids | $38,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.77% |
| Average Price for Successful Bids ($): | $99.71 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $13,001,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.50% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.99% / $150,000,000.00 |
| Bid Rate for Partial Allocation | 12.00% |
| Partial Allocation Percentage | 34.57% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 23 February 2024, will be J$143,500,000,000.00
The next auction is scheduled for Wednesday, 28 February 2024.
