Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231124
Applications were opened on Wednesday, 22 November 2023 by Bank of Jamaica for the allocation of JMD 30,000,000,000.00 of BOJ 7.50% FR 30D-CD 20231124 through a competitive price auction. The issue date for the successful allotments is Friday, 24 November 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20231124 | |
| Total Bids Received | 263 |
| Total Value of Bids Received | $34,710,445,000.00 |
| Total Offer Amount | $30,000,000,000.00 |
| Total Successful Bids | 250 |
| Total Allocated Bids | $30,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.64% |
| Average Price for Successful Bids ($): | $99.79 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.75% / $6,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.99% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.43% / $50,000,000.00 |
| Bid Rate for Partial Allocation | 10.499% |
| Partial Allocation Percentage | 75.82% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 24 November 2023, will be J$118,000,000,000.00.
The next auction is scheduled for Wednesday, 29 November 2023.
