Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240712
Applications were opened on Wednesday, 10 July 2024 by Bank of Jamaica for the allocation of JMD 9,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240712 through a competitive price auction. The issue date for the successful allotments is Friday, 12 July 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240712 | |
| Total Bids Received | 278 |
| Total Value of Bids Received | $24,875,574,000.00 |
| Total Offer Amount | $9,000,000,000.00 |
| Total Successful Bids | 74 |
| Total Allocated Bids | $9,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.40% |
| Average Price for Successful Bids ($): | $99.81 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.50% / $108,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00%/ $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.648%/ $200,000,000.00 |
| Bid Rate for Partial Allocation | 9.65% |
| Partial Allocation Percentage | 0.41% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 12 July 2024, will be J$139,500,000,000.00.
The next auction is scheduled for Wednesday, 17 July 2024.
