Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240126
Applications were opened on Wednesday, 24 January 2024 by Bank of Jamaica for the allocation of JMD 35,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240126 through a competitive price auction. The issue date for the successful allotments is Friday, 26 January 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240126 | |
| Total Bids Received | 337 |
| Total Value of Bids Received | $44,468,613,000.00 |
| Total Offer Amount | $35,000,000,000.00 |
| Total Successful Bids | 266 |
| Total Allocated Bids | $35,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.69% |
| Average Price for Successful Bids ($): | $99.70 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.49% / $150,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 15.00% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.249% / $150,000,000.00 |
| Bid Rate for Partial Allocation | 11.24999% |
| Partial Allocation Percentage | 62.10% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 26 January 2024, will be J$132,502,740,000.00
The next auction is scheduled for Wednesday, 31 January 2024.
