Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230127
Applications were opened on Wednesday, 25 January 2023 by Bank of Jamaica for the allocation of JMD 26,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230127 through a competitive price auction. The issue date for the successful allotments is Friday, 27 January 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230127 | |
| Total Bids Received | 270 |
| Total Value of Bids Received | $31,481,767,000.00 |
| Total Offer Amount | $26,000,000,000.00 |
| Total Successful Bids | 213 |
| Total Allocated Bids | $26,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.67% |
| Average Price for Successful Bids ($): | $99.78 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $14,600,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 20.00% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.38% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 10.43% |
| Partial Allocation Percentage | 40.23% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 27 January 2023, will be J$97,004,953,000.00
The next auction is scheduled for Wednesday, 01 February 2023.
