Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240726
Applications were opened on Wednesday, 24 July 2024 by Bank of Jamaica for the allocation of JMD 50,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240726 through a competitive price auction. The issue date for the successful allotments is Friday, 26 July 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240726 | |
| Total Bids Received | 451 |
| Total Value of Bids Received | $60,820,118,000.00 |
| Total Offer Amount | $50,000,000,000.00 |
| Total Successful Bids | 410 |
| Total Allocated Bids | $50,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.54% |
| Average Price for Successful Bids ($): | $99.80 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $675,203,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00%/ $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.849%/ $750,000,000.00 |
| Bid Rate for Partial Allocation | 9.84999% |
| Partial Allocation Percentage | 70.46% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 26 July 2024, will be J$132,000,000,000.00.
The next auction is scheduled for Wednesday, 31 July 2024.
