Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230728
Applications were opened on Wednesday, 26 July 2023 by Bank of Jamaica for the allocation of JMD 28,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230728 through a competitive price auction. The issue date for the successful allotments is Friday, 28 July 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230728 | |
| Total Bids Received | 326 |
| Total Value of Bids Received | $40,966,694,000.00 |
| Total Offer Amount | $28,000,000,000.00 |
| Total Successful Bids | 229 |
| Total Allocated Bids | $28,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.91% |
| Average Price for Successful Bids ($): | $99.85 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.80% / $5,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 16.00% / $1,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.249% / $300,000,000.00 |
| Bid Rate for Partial Allocation | 9.24999% |
| Partial Allocation Percentage | 73.47% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 28 July 2023, will be J$88,016,428,000.00
The next auction is scheduled for Wednesday, 02 August 2023.
