Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240301
Applications were opened on Wednesday, 28 February 2024 by Bank of Jamaica for the allocation of JMD 26,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240301 through a competitive price auction. The issue date for the successful allotments is Friday, 1 March 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240301 | |
| Total Bids Received | 305 |
| Total Value of Bids Received | $42,270,833,000.00 |
| Total Offer Amount | $26,500,000,000.00 |
| Total Successful Bids | 212 |
| Total Allocated Bids | $26,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.61% |
| Average Price for Successful Bids ($): | $99.73 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $5,465,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.30% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.90% / $2,200,000,000.00 |
| Bid Rate for Partial Allocation | 10.94% |
| Partial Allocation Percentage | 74.61% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 1 March 2024, will be J$147,000,000,000.00
The next auction is scheduled for Wednesday, 6 March 2024.
