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 Bids213
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 Allocation10.43%
Partial Allocation Percentage40.23%

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.

Post Author: Editorial Team