Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230526

Applications were opened on Wednesday, 24 May 2023 by Bank of Jamaica for the allocation of JMD 35,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230526 through a competitive price auction. The issue date for the successful allotments is Friday, 26 May 2023.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20230526
Total Bids Received   281
Total Value of Bids Received$35,135,004,000.00
Total Offer Amount$35,000,000,000.00
Total Successful Bids281
Total Allocated Bids$34,453,969,000.00
Average Yield for Successfully Allocated Bids:8.24%
Average Price for Successful Bids ($):$99.90
Lowest Submitted Bid Rate (%) / Amount (JMD)7.50% / $917,961,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)10.50% / $10,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)10.50% / $10,000,000.00
Bid Rate for Partial AllocationN/A
Partial Allocation PercentageN/A

The total nominal outstanding amount for the 30-day CDs on the settlement date – 26 May 2023, will be J$111,453,969,000.00

The next auction is scheduled for Wednesday, 31 May 2023.

Post Author: Editorial Team