Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.75% FR 30D – CD 20241129
Applications were opened on Wednesday, 27 November 2024 by Bank of Jamaica for the allocation of JMD 15,000,000,000.00 of BOJ 6.75% FR 30D-CD 20241129 through a competitive price auction. The issue date for the successful allotments is Friday, 29 November 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 6.75% FR 30D – CD 20241129 | |
| Total Bids Received | 241 |
| Total Value of Bids Received | $27,419,211,000.00 |
| Total Offer Amount | $15,000,000,000.00 |
| Total Successful Bids | 149 |
| Total Allocated Bids | $15,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.70% |
| Average Price for Successful Bids ($): | $99.97 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $2,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $400,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.84% / $200,000,000.00 |
| Bid Rate for Partial Allocation | 6.845% |
| Partial Allocation Percentage | 83.96% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 29 November 2024, will be J$146,000,000,000.00.
The next auction is scheduled for Wednesday, 4 December 2024.
