Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.25% FR 30D – CD 20250124
Applications were opened on Wednesday, 22 January 2025 by Bank of Jamaica for the allocation of JMD 6,500,000,000.00 of BOJ 6.25% FR 30D-CD 20250124 through a competitive price auction. The issue date for the successful allotments is Friday, 24 January 2025.
The results from the auction are as follows:
| Instrument Name: BOJ 6.25% FR 30D – CD 20250124 | |
| Total Bids Received | 274 |
| Total Value of Bids Received | $32,091,004,000.00 |
| Total Offer Amount | $6,500,000,000.00 |
| Total Successful Bids | 49 |
| Total Allocated Bids | $6,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 5.94% |
| Average Price for Successful Bids ($): | $100.00 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.00% / $353,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.00% / $2,558,965,000.00 |
| Bid Rate for Partial Allocation | 6.048% |
| Partial Allocation Percentage | 70.68% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 24 January 2025, will be J$129,500,000,000.00.
The next auction is scheduled for Wednesday, 29 January 2025.
