Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20250103
Applications were opened on Tuesday, 31 December 2024 by Bank of Jamaica for the allocation of JMD 42,000,000,000.00 of BOJ 6.50% FR 30D-CD 20250103 through a competitive price auction. The issue date for the successful allotments is Friday, 3 January 2025.
The results from the auction are as follows:
| Instrument Name: BOJ 6.50% FR 30D – CD 20250103 | |
| Total Bids Received | 224 |
| Total Value of Bids Received | $42,923,289,000.00 |
| Total Offer Amount | $42,000,000,000.00 |
| Total Successful Bids | 224 |
| Total Allocated Bids | $42,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.34% |
| Average Price for Successful Bids ($): | $99.98 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.85% / $110,600,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 7.45% / $1,000,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.125% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 7.45% |
| Partial Allocation Percentage | 10.48% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 3 January 2025, will be J$139,000,000,000.00.
The next auction is scheduled for Wednesday, 8 January 2025.
