Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240802
Applications were opened on Wednesday, 31 July 2024 by Bank of Jamaica for the allocation of JMD 31,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240802 through a competitive price auction. The issue date for the successful allotments is Friday, 2 August 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240802 | |
| Total Bids Received | 404 |
| Total Value of Bids Received | $45,456,377,000.00 |
| Total Offer Amount | $31,000,000,000.00 |
| Total Successful Bids | 287 |
| Total Allocated Bids | $31,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.34% |
| Average Price for Successful Bids ($): | $99.82 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $1,650,351,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00%/ $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.5989%/ $11,489,000.00 |
| Bid Rate for Partial Allocation | 9.60% |
| Partial Allocation Percentage | 60.44% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 2 August 2024, will be J$126,000,000,000.00.
The next auction is scheduled for Wednesday, 7 August 2024.
