Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20241025
Applications were opened on Wednesday, 23 October 2024 by Bank of Jamaica for the allocation of JMD 37,000,000,000.00 of BOJ 7.00% FR 30D-CD 20241025 through a competitive price auction. The issue date for the successful allotments is Friday, 25 October 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20241025 | |
| Total Bids Received | 313 |
| Total Value of Bids Received | $42,726,959,000.00 |
| Total Offer Amount | $37,000,000,000.00 |
| Total Successful Bids | 270 |
| Total Allocated Bids | $37,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.84% |
| Average Price for Successful Bids ($): | $99.98 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.00% / $200,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $400,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.24% / $50,000,000.00 |
| Bid Rate for Partial Allocation | 7.248% |
| Partial Allocation Percentage | 73.54% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 25 October 2024, will be J$136,000,000,000.00.
The next auction is scheduled for Wednesday, 30 October 2024.
