Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.25% FR 30D – CD 20240927
Applications were opened on Wednesday, 25 September 2024 by Bank of Jamaica for the allocation of JMD 35,000,000,000.00 of BOJ 7.25% FR 30D-CD 20240927 through a competitive price auction. The issue date for the successful allotments is Friday, 27 September 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.25% FR 30D – CD 20240927 | |
| Total Bids Received | 251 |
| Total Value of Bids Received | $49,305,891,000.00 |
| Total Offer Amount | $35,000,000,000.00 |
| Total Successful Bids | 220 |
| Total Allocated Bids | $35,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.75% |
| Average Price for Successful Bids ($): | $100.00 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.40% / $1,993,180,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.50% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.99% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 6.998% |
| Partial Allocation Percentage | 35.21% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 27 September 2024, will be J$126,000,000,000.00.
The next auction is scheduled for Wednesday, 2 October 2024.
