Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231027
Applications were opened on Wednesday, 25 October 2023 by Bank of Jamaica for the allocation of JMD 30,000,000,000.00 of BOJ 7.50% FR 30D-CD 20231027 through a competitive price auction. The issue date for the successful allotments is Friday, 27 October 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20231027 | |
| Total Bids Received | 369 |
| Total Value of Bids Received | $39,554,407,000.00 |
| Total Offer Amount | $30,000,000,000.00 |
| Total Successful Bids | 309 |
| Total Allocated Bids | $30,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.57% |
| Average Price for Successful Bids ($): | $99.79 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.499% / $200,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.50% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.99% / $150,000,000.00 |
| Bid Rate for Partial Allocation | 9.995% |
| Partial Allocation Percentage | 9.80% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 27 October 2023, will be J$108,430,843,000.00
The next auction is scheduled for Wednesday, 1 November 2023.
