Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230714
Applications were opened on Wednesday, 12 July 2023 by Bank of Jamaica for the allocation of JMD 19,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230714 through a competitive price auction. The issue date for the successful allotments is Friday, 14 July 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230714 | |
| Total Bids Received | 268 |
| Total Value of Bids Received | $33,052,716,000.00 |
| Total Offer Amount | $19,000,000,000.00 |
| Total Successful Bids | 154 |
| Total Allocated Bids | $19,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.35% |
| Average Price for Successful Bids ($): | $99.73 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $5,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 19.997% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.498% / $500,000,000.00 |
| Bid Rate for Partial Allocation | 11.50% |
| Partial Allocation Percentage | 83.59% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 14 July 2023, will be J$106,516,428,000.00
The next auction is scheduled for Wednesday, 19 July 2023.
