Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230929
Applications were opened on Wednesday, 27 September 2023 by Bank of Jamaica for the allocation of JMD 27,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230929 through a competitive price auction. The issue date for the successful allotments is Friday, 29 September 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230929 | |
| Total Bids Received | 275 |
| Total Value of Bids Received | $44,749,903,000.00 |
| Total Offer Amount | $27,000,000,000.00 |
| Total Successful Bids | 203 |
| Total Allocated Bids | $27,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.22% |
| Average Price for Successful Bids ($): | $99.82 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $5,800,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.997% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.69%/ $64,150,000.00 |
| Bid Rate for Partial Allocation | 9.699% |
| Partial Allocation Percentage | 53.58% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 29 September 2023, will be J$111,000,000,000.00
The next auction is scheduled for Wednesday, 04 October 2023.
