Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20230915
Applications were opened on Wednesday, 13 September 2023 by Bank of Jamaica for the allocation of JMD 24,000,000,000.00 of BOJ 7.50% FR 30D-CD 20230915 through a competitive price auction. The issue date for the successful allotments is Friday, 15 September 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20230915 | |
| Total Bids Received | 284 |
| Total Value of Bids Received | $37,601,066,000.00 |
| Total Offer Amount | $24,000,000,000.00 |
| Total Successful Bids | 222 |
| Total Allocated Bids | $24,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.41% |
| Average Price for Successful Bids ($): | $99.80 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.25% / $10,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.999% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.79% / $100,387,000.00 |
| Bid Rate for Partial Allocation | 9.795% |
| Partial Allocation Percentage | 22.19% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 15 September 2023, will be J$105,500,000,000.00
The next auction is scheduled for Wednesday, 20 September 2023.
