Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230602

Applications were opened on Wednesday, 31 May 2023 by Bank of Jamaica for the allocation of JMD 34,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230602 through a competitive price auction. The issue date for the successful allotments is Friday, 02 June 2023.  

The results from the auction are as follows:

Instrument Name: BOJ 7.50% FR 30D – CD 20230602
Total Bids Received   270
Total Value of Bids Received$38,913,351,000.00
Total Offer Amount$34,000,000,000.00
Total Successful Bids257
Total Allocated Bids$34,000,000,000.00
Average Yield for Successfully Allocated Bids:8.41%
Average Price for Successful Bids ($):$99.89
Lowest Submitted Bid Rate (%) / Amount (JMD)7.50% / $148,943,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)13.00% / $10,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)9.99999% / $500,000,000.00
Bid Rate for Partial Allocation10.00%
Partial Allocation Percentage39.74%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 02 June 2023, will be J$113,453,969,000.00

The next auction is scheduled for Wednesday, 07 June 2023.

Post Author: Editorial Team