Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230324
Applications were opened on Wednesday, 22 March 2023 by Bank of Jamaica for the allocation of JMD 18,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230324 through a competitive price auction. The issue date for the successful allotments is Friday, 24 March 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230324 | |
| Total Bids Received | 348 |
| Total Value of Bids Received | $57,863,759,000.00 |
| Total Offer Amount | $18,000,000,000.00 |
| Total Successful Bids | 26 |
| Total Allocated Bids | $18,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.85% |
| Average Price for Successful Bids ($): | $99.85 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.20% / $9,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 20.00% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.99999% / $2,000,000,000.00 |
| Bid Rate for Partial Allocation | 9.00% |
| Partial Allocation Percentage | 27.92% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 24 March 2023, will be J$81,851,538,000.00
The next auction is scheduled for Wednesday, 29 March 2023.
