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 Bids250
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 Allocation10.499%
Partial Allocation Percentage75.82%

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.

Post Author: Editorial Team