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 Bids | 257 |
| 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 Allocation | 10.00% |
| Partial Allocation Percentage | 39.74% |
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.
