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 Bids | 208 |
| 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 Allocation | 10.48% |
| Partial Allocation Percentage | 85.58% |
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.
