Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230630
Applications were opened on Wednesday, 28 June 2023 by Bank of Jamaica for the allocation of JMD 34,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230630 through a competitive price auction. The issue date for the successful allotments is Friday, 30 June 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230630 | |
| Total Bids Received | 321 |
| Total Value of Bids Received | $38,763,072,000.00 |
| Total Offer Amount | $34,000,000,000.00 |
| Total Successful Bids | 288 |
| Total Allocated Bids | $34,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.98% |
| Average Price for Successful Bids ($): | $99.76 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.80% / $18,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 19.99% / $20,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 12.248% / $500,000,000.00 |
| Bid Rate for Partial Allocation | 12.25% |
| Partial Allocation Percentage | 9.56% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 30 June 2023, will be J$110,570,258,000.00
The next auction is scheduled for Wednesday, 05 July 2023.
