Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231201
Applications were opened on Wednesday, 29 November 2023 by Bank of Jamaica for the allocation of JMD 33,000,000,000.00 of BOJ 7.50% FR 30D-CD 20231201 through a competitive price auction. The issue date for the successful allotments is Friday, 1 December 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20231201 | |
| Total Bids Received | 278 |
| Total Value of Bids Received | $39,944,385,000.00 |
| Total Offer Amount | $33,000,000,000.00 |
| Total Successful Bids | 260 |
| Total Allocated Bids | $33,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.82% |
| Average Price for Successful Bids ($): | $99.77 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.50% / $3,042,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.53% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.498% / $500,000,000.00 |
| Bid Rate for Partial Allocation | 10.50% |
| Partial Allocation Percentage | 39.03% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 1 December 2023, will be J$120,000,000,000.00.
The next auction is scheduled for Wednesday, 6 December 2023.
