Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230901
Applications were opened on Wednesday, 30 August 2023 by Bank of Jamaica for the allocation of JMD 25,500,000,000.00 of BOJ 7.50% FR 30D-CD 20230901 through a competitive price auction. The issue date for the successful allotments is Friday, 01 September 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230901 | |
| Total Bids Received | 281 |
| Total Value of Bids Received | $37,821,406,000.00 |
| Total Offer Amount | $25,500,000,000.00 |
| Total Successful Bids | 214 |
| Total Allocated Bids | $25,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.60% |
| Average Price for Successful Bids ($): | $99.79 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $100,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 16.99% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.30% / $50,000,000.00 |
| Bid Rate for Partial Allocation | 10.35% |
| Partial Allocation Percentage | 22.23% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 01 September 2023, will be J$99,500,000,000.00
The next auction is scheduled for Wednesday, 06 September 2023.
