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 Bids224
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 Allocation10.99999%
Partial Allocation Percentage4.98%

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.

Post Author: Editorial Team