Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230526
Applications were opened on Wednesday, 24 May 2023 by Bank of Jamaica for the allocation of JMD 35,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230526 through a competitive price auction. The issue date for the successful allotments is Friday, 26 May 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230526 | |
| Total Bids Received | 281 |
| Total Value of Bids Received | $35,135,004,000.00 |
| Total Offer Amount | $35,000,000,000.00 |
| Total Successful Bids | 281 |
| Total Allocated Bids | $34,453,969,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.24% |
| Average Price for Successful Bids ($): | $99.90 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $917,961,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.50% / $10,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.50% / $10,000,000.00 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 26 May 2023, will be J$111,453,969,000.00
The next auction is scheduled for Wednesday, 31 May 2023.
