Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240426
Applications were opened on Wednesday, 24 April 2024 by Bank of Jamaica for the allocation of JMD 34,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240426 through a competitive price auction. The issue date for the successful allotments is Friday, 26 April 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240426 | |
| Total Bids Received | 399 |
| Total Value of Bids Received | $55,082,369,000.00 |
| Total Offer Amount | $34,500,000,000.00 |
| Total Successful Bids | 257 |
| Total Allocated Bids | $34,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.60% |
| Average Price for Successful Bids ($): | $99.72 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $13,300,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 14.00% / $3,364,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.9995% / $650,000,000.00 |
| Bid Rate for Partial Allocation | 11.00% |
| Partial Allocation Percentage | 40.09% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 26 April 2024, will be J$125,716,782,000.00
The next auction is scheduled for Wednesday, 1 May 2024.
