Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 7.50% FR 30D – CD 20230210

Applications were opened on Wednesday, 08 February 2023 by Bank of Jamaica for the allocation of JMD 25,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230210 through a competitive price auction. The issue date for the successful allotments is Friday, 10 February 2023.  

The results from the auction are as follows:

  Instrument Name: BOJ 7.50% FR 30D – CD 20230210
Total Bids Received    288
Total Value of Bids Received$35,262,897,000.00
Total Offer Amount$25,000,000,000.00
Total Successful Bids208
Total Allocated Bids$25,000,000,000.00
Average Yield for Successfully Allocated Bids:9.90%
Average Price for Successful Bids ($):$99.77
Lowest Submitted Bid Rate (%) / Amount (JMD)7.50% / $7,668,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)15.00% / $200,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)10.45% / $100,000,000.00
Bid Rate for Partial Allocation10.48%
Partial Allocation Percentage85.58%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 10 February 2023, will be J$99,544,342,000.00. The next auction is scheduled for Wednesday, 15 February 2023.

Post Author: Editorial Team