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 Bids309
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 Allocation9.995%
Partial Allocation Percentage9.80%

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.

Post Author: Editorial Team