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 Bids260
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 Allocation10.50%
Partial Allocation Percentage39.03%

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.

Post Author: Editorial Team