Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240503
Applications were opened on Wednesday, 1 May 2024 by Bank of Jamaica for the allocation of JMD 47,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240503 through a competitive price auction. The issue date for the successful allotments is Friday, 3 May 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240503 | |
| Total Bids Received | 462 |
| Total Value of Bids Received | $63,620,431,000.00 |
| Total Offer Amount | $47,000,000,000.00 |
| Total Successful Bids | 361 |
| Total Allocated Bids | $47,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 10.41% |
| Average Price for Successful Bids ($): | $99.73 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $213,937,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.875% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.7734% / $9,149,000.00 |
| Bid Rate for Partial Allocation | 10.778% |
| Partial Allocation Percentage | 74.73% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 3 May 2024, will be J$130,983,606,000.00
The next auction is scheduled for Wednesday, 8 May 2024.
