Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.25% FR 30D – CD 20240826
Applications were opened on Thursday, 22 August 2024 by Bank of Jamaica for the allocation of JMD 49,000,000,000.00 of BOJ 7.25% FR 30D-CD 20240826 through a competitive price auction. The issue date for the successful allotments is Monday, 26 August 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.25% FR 30D – CD 20240826 | |
| Total Bids Received | 563 |
| Total Value of Bids Received | $89,897,903,000.00 |
| Total Offer Amount | $49,000,000,000.00 |
| Total Successful Bids | 299 |
| Total Allocated Bids | $49,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.99% |
| Average Price for Successful Bids ($): | $99.92 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $17,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.50% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.2489%/ $190,189,000.00 |
| Bid Rate for Partial Allocation | 8.249% |
| Partial Allocation Percentage | 42.24% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 26 August 2024, will be J$120,000,000,000.00.
The next auction is scheduled for Wednesday, 28 August 2024.
