Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240531
Applications were opened on Wednesday, 29 May 2024 by Bank of Jamaica for the allocation of JMD 47,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240531 through a competitive price auction. The issue date for the successful allotments is Friday, 31 May 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240531 | |
| Total Bids Received | 445 |
| Total Value of Bids Received | $60,632,700,000.00 |
| Total Offer Amount | $47,000,000,000.00 |
| Total Successful Bids | 358 |
| Total Allocated Bids | $47,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.98% |
| Average Price for Successful Bids ($): | $99.77 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.50% / $18,900,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 14.00% / $25,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.349% / $350,000,000.00 |
| Bid Rate for Partial Allocation | 10.35% |
| Partial Allocation Percentage | 24.15% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 31 May 2024, will be J$128,500,000,000.00
The next auction is scheduled for Wednesday, 5 June 2024.
