Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240328
Applications were opened on Wednesday, 27 March 2024 by Bank of Jamaica for the allocation of JMD 28,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240328 through a competitive price auction. The issue date for the successful allotments is Thursday, 28 March 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240328 | |
| Total Bids Received | 321 |
| Total Value of Bids Received | $32,419,009,000.00 |
| Total Offer Amount | $28,500,000,000.00 |
| Total Successful Bids | 296 |
| Total Allocated Bids | $28,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 11.13% |
| Average Price for Successful Bids ($): | $99.67 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $1,006,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 14.998% / $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.99999% / $2,000,000,000.00 |
| Bid Rate for Partial Allocation | 12.00% |
| Partial Allocation Percentage | 85.47% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 28 March 2024, will be J$159,500,000,000.00
The next auction is scheduled for Wednesday, 3 April 2024.
