Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240202
Applications were opened on Wednesday, 31 January 2024 by Bank of Jamaica for the allocation of JMD 23,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240202 through a competitive price auction. The issue date for the successful allotments is Friday, 2 February 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240202 | |
| Total Bids Received | 276 |
| Total Value of Bids Received | $36,386,245,000.00 |
| Total Offer Amount | $23,000,000,000.00 |
| Total Successful Bids | 195 |
| Total Allocated Bids | $23,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.41% |
| Average Price for Successful Bids ($): | $99.73 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $1,081,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 14.00% / $1,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.849% / $535,365,000.00 |
| Bid Rate for Partial Allocation | 10.84999% |
| Partial Allocation Percentage | 33.56% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 2 February 2024, will be J$134,002,740,000.00
The next auction is scheduled for Wednesday, 7 February 2024.
