Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 7.50% FR 30D – CD 20231208

Applications were opened on Wednesday, 6 December 2023 by Bank of Jamaica for the allocation of

JMD 21,500,000,000.00 of BOJ 7.50% FR 30D-CD 20231208 through a competitive price auction. The issue date for the successful allotments is Friday, 8 December 2023.  

The results from the auction are as follows:

  Instrument Name: BOJ 7.50% FR 30D – CD 20231208
Total Bids Received    254
Total Value of Bids Received$28,471,008,000.00
Total Offer Amount$21,500,000,000.00
Total Successful Bids217
Total Allocated Bids$21,500,000,000.00
Average Yield for Successfully Allocated Bids:9.78%
Average Price for Successful Bids ($):$99.77
Lowest Submitted Bid Rate (%) / Amount (JMD)8.00% / $1,801,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)13.00% / $200,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)10.247% / $1,000,000.00
Bid Rate for Partial Allocation10.25%
Partial Allocation Percentage25.10%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 8 December 2023, will be J$122,000,000,000.00.

The next auction is scheduled for Wednesday, 13 December 2023.

Post Author: Editorial Team