Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230428
Applications were opened on Wednesday, 26 April 2023 by Bank of Jamaica for the allocation of JMD 32,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230428 through a competitive price auction. The issue date for the successful allotments is Friday, 28 April 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230428 | |
| Total Bids Received | 257 |
| Total Value of Bids Received | $46,432,438,000.00 |
| Total Offer Amount | $32,000,000,000.00 |
| Total Successful Bids | 199 |
| Total Allocated Bids | $32,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.11% |
| Average Price for Successful Bids ($): | $99.91 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $5,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.25% / $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.24999% / $2,000,000,000.00 |
| Bid Rate for Partial Allocation | 8.25% |
| Partial Allocation Percentage | 29.27% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 28 April 2023, will be J$103,000,000,000.00
The next auction is scheduled for Wednesday, 03 May 2023.
