Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20241227
Applications were opened on Tuesday, 24 December 2024 by Bank of Jamaica for the allocation of JMD 10,000,000,000.00 of BOJ 6.50% FR 30D-CD 20241227 through a competitive price auction. The issue date for the successful allotments is Friday, 27 December 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 6.50% FR 30D – CD 20241227 | |
| Total Bids Received | 217 |
| Total Value of Bids Received | $30,640,871,000.00 |
| Total Offer Amount | $10,000,000,000.00 |
| Total Successful Bids | 86 |
| Total Allocated Bids | $10,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.21% |
| Average Price for Successful Bids ($): | $99.99 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.30% / $60,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $400,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.395% / $25,000,000.00 |
| Bid Rate for Partial Allocation | 6.397% |
| Partial Allocation Percentage | 97.08% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 27 December 2024, will be J$136,000,000,000.00.
The next auction is scheduled for Tuesday, 31 December 2024.
