Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240809
Applications were opened on Wednesday, 7 August 2024 by Bank of Jamaica for the allocation of JMD 7,000,000,000.00 of BOJ 7.50% FR 30D-CD 20240809 through a competitive price auction. The issue date for the successful allotments is Friday, 9 August 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20240809 | |
| Total Bids Received | 247 |
| Total Value of Bids Received | $32,313,406,000.00 |
| Total Offer Amount | $7,000,000,000.00 |
| Total Successful Bids | 51 |
| Total Allocated Bids | $7,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.00% |
| Average Price for Successful Bids ($): | $99.84 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 8.50% / $120,055,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00%/ $300,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.049%/ $20,000,000.00 |
| Bid Rate for Partial Allocation | 9.097% |
| Partial Allocation Percentage | 65.30% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 9 August 2024, will be J$124,000,000,000.00.
The next auction is scheduled for Wednesday, 14 August 2024.
