Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231229
Applications were opened on Wednesday, 27 December 2023 by Bank of Jamaica for the allocation of JMD 33,000,000,000.00 of BOJ 7.50% FR 30D-CD 20231229 through a competitive price auction. The issue date for the successful allotments is Friday, 29 December 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20231229 | |
| Total Bids Received | 239 |
| Total Value of Bids Received | $32,259,349,000.00 |
| Total Offer Amount | $33,000,000,000.00 |
| Total Successful Bids | 239 |
| Total Allocated Bids | $ 32,259,349,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.43% |
| Average Price for Successful Bids ($): | $99.72 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $127,415,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.749% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 12.749% / $50,000,000.00 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 29 December 2023, will be J$123,759,349,000.00.
The next auction is scheduled for Wednesday, 03 January 2024.
