Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240328

Applications were opened on Wednesday, 27 March 2024 by Bank of Jamaica for the allocation of JMD 28,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240328 through a competitive price auction. The issue date for the successful allotments is Thursday, 28 March 2024.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20240328
Total Bids Received   321
Total Value of Bids Received$32,419,009,000.00
Total Offer Amount$28,500,000,000.00
Total Successful Bids296
Total Allocated Bids$28,500,000,000.00
Average Yield for Successfully Allocated Bids:11.13%
Average Price for Successful Bids ($):$99.67
Lowest Submitted Bid Rate (%) / Amount (JMD)8.00% / $1,006,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)14.998% / $200,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)11.99999% / $2,000,000,000.00
Bid Rate for Partial Allocation12.00%
Partial Allocation Percentage85.47%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 28 March 2024, will be J$159,500,000,000.00

The next auction is scheduled for Wednesday, 3 April 2024.

Post Author: Editorial Team