Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231110
Applications were opened on Wednesday, 8 November 2023 by Bank of Jamaica for the allocation of JMD 19,500,000,000.00 of BOJ 7.50% FR 30D-CD 20231110 through a competitive price auction. The issue date for the successful allotments is Friday, 10 November 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20231110 | |
| Total Bids Received | 264 |
| Total Value of Bids Received | $28,797,676,000.00 |
| Total Offer Amount | $19,500,000,000.00 |
| Total Successful Bids | 211 |
| Total Allocated Bids | $19,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.53 % |
| Average Price for Successful Bids ($): | $99.80 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.50% / $6,140,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.01% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.845% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 9.84999% |
| Partial Allocation Percentage | 18.10% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 10 November 2023, will be J$115,500,000,000.00.
The next auction is scheduled for Wednesday, 15 November 2023.
