Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230224
Applications were opened on Tuesday, 21 February 2023 by Bank of Jamaica for the allocation of JMD 29,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230224 through a competitive price auction. The issue date for the successful allotments is Friday, 24 February 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230224 | |
| Total Bids Received | 310 |
| Total Value of Bids Received | $34,298,859,000.00 |
| Total Offer Amount | $29,000,000,000.00 |
| Total Successful Bids | 269 |
| Total Allocated Bids | $29,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.87% |
| Average Price for Successful Bids ($): | $99.77 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.50% / $94,024,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.50% / $550,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.41% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 10.44% |
| Partial Allocation Percentage | 81.54% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 24 February 2023, will be J$104,500,000,000.00
The next auction is scheduled for Wednesday, 01 March 2023.
