Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240524

Applications were opened on Wednesday, 22 May 2024 by Bank of Jamaica for the allocation of JMD 34,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240524 through a competitive price auction. The issue date for the successful allotments is Friday, 24 May 2024.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20240524
Total Bids Received   340
Total Value of Bids Received$41,724,832,000.00
Total Offer Amount$34,500,000,000.00
Total Successful Bids305
Total Allocated Bids$34,500,000,000.00
Average Yield for Successfully Allocated Bids:10.19%
Average Price for Successful Bids ($):$99.75
Lowest Submitted Bid Rate (%) / Amount (JMD)9.00% / $100,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)12.00% / $600,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)10.499% / $153,300,000.00
Bid Rate for Partial Allocation10.49999%
Partial Allocation Percentage90.32%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 24 May 2024, will be J$128,500,000,000.00

The next auction is scheduled for Wednesday, 29 May 2024.

Post Author: Editorial Team