Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240419
Applications were opened on Wednesday, 17 April 2024 by Bank of Jamaica for the allocation of JMD 39,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240419 through a competitive price auction. The issue date for the successful allotments is Friday, 19 April 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240419 | |
| Total Bids Received | 373 |
| Total Value of Bids Received | $37,816,922,000.00 |
| Total Offer Amount | $39,500,000,000.00 |
| Total Successful Bids | 132 |
| Total Allocated Bids1 | $7,483,606,000.00 |
| Average Yield for Successfully Allocated Bids: | 11.02% |
| Average Price for Successful Bids ($): | $99.69 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.90% / $25,300,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 16.999% / $900,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.50% / $1,545,930,000.00 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 19 April 2024, will be J$119,716,782,000.00
The next auction is scheduled for Wednesday, 24 April 2024.
[1] Bids were allocated in keeping with the reserve yield.
