Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230331
Applications were opened on Wednesday, 29 March 2023 by Bank of Jamaica for the allocation of JMD 35,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230331 through a competitive price auction. The issue date for the successful allotments is Friday, 31 March 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230331 | |
| Total Bids Received | 438 |
| Total Value of Bids Received | $70,133,676,000.00 |
| Total Offer Amount | $35,000,000,000.00 |
| Total Successful Bids | 302 |
| Total Allocated Bids | $35,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.49% |
| Average Price for Successful Bids ($): | $99.88 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $1,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.75% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.848% / $200,000,000.00 |
| Bid Rate for Partial Allocation | 8.84999% |
| Partial Allocation Percentage | 40.23% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 31 March 2023, will be J$88,851,538,000.00
The next auction is scheduled for Wednesday, 05 April 2023.
