Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230825
Applications were opened on Wednesday, 23 August 2023 by Bank of Jamaica for the allocation of JMD 31,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230825 through a competitive price auction. The issue date for the successful allotments is Friday, 25 August 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230825 | |
| Total Bids Received | 264 |
| Total Value of Bids Received | $38,170,720,000.00 |
| Total Offer Amount | $31,000,000,000.00 |
| Total Successful Bids | 224 |
| Total Allocated Bids | $31,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.66% |
| Average Price for Successful Bids ($): | $99.78 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $8,410,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 17.067% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.999% / $50,000,000.00 |
| Bid Rate for Partial Allocation | 10.99999% |
| Partial Allocation Percentage | 4.98% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 25 August 2023, will be J$96,500,000,000.00
The next auction is scheduled for Wednesday, 30 August 2023.
