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$33,000,000,000.00
Total Successful Bids239
Total Allocated Bids$ 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 AllocationN/A
Partial Allocation PercentageN/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.

Post Author: Editorial Team