Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230623
Applications were opened on Wednesday, 21 June 2023 by Bank of Jamaica for the allocation of JMD 32,500,000,000.00 of BOJ 7.50% FR 30D-CD 20230623 through a competitive price auction. The issue date for the successful allotments is Friday, 23 June 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230623 | |
| Total Bids Received | 272 |
| Total Value of Bids Received | $33,522,384,000.00 |
| Total Offer Amount | $32,500,000,000.00 |
| Total Successful Bids | 265 |
| Total Allocated Bids | $32,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.70% |
| Average Price for Successful Bids ($): | $99.78 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $29,800,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 16.00% / $300,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 13.497% / $150,000,000.00 |
| Bid Rate for Partial Allocation | 13.498% |
| Partial Allocation Percentage | 89.95% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 23 June 2023, will be J$110,570,258,000.00
The next auction is scheduled for Wednesday, 28 June 2023.
