Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20231222
Applications were opened on Wednesday, 20 December 2023 by Bank of Jamaica for the allocation of JMD 32,000,000,000.00 of BOJ 7.50% FR 30D-CD 20231222 through a competitive price auction. The issue date for the successful allotments is Friday, 22 December 2023.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20231222 | |
| Total Bids Received | 317 |
| Total Value of Bids Received | $34,400,550,000.00 |
| Total Offer Amount | $32,000,000,000.00 |
| Total Successful Bids | 307 |
| Total Allocated Bids | $32,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.08% |
| Average Price for Successful Bids ($): | $99.75 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.25% / $7,300,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.00% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.349% / $10,000,000.00 |
| Bid Rate for Partial Allocation | 11.397% |
| Partial Allocation Percentage | 60.92% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 22 December 2023, will be J$124,500,000,000.00.
The next auction is scheduled for Wednesday, 27 December 2023.
