Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.25% FR 30D – CD 20240830
Applications were opened on Wednesday, 28 August 2024 by Bank of Jamaica for the allocation of JMD 31,000,000,000.00 of BOJ 7.25% FR 30D-CD 20240830 through a competitive price auction. The issue date for the successful allotments is Friday, 30 August 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.25% FR 30D – CD 20240830 | |
| Total Bids Received | 443 |
| Total Value of Bids Received | $57,460,773,000.00 |
| Total Offer Amount | $31,000,000,000.00 |
| Total Successful Bids | 254 |
| Total Allocated Bids | $31,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.61% |
| Average Price for Successful Bids ($): | $99.94 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.80% / $12,400,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.998% / $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.8489%/ $7,506,000.00 |
| Bid Rate for Partial Allocation | 7.849% |
| Partial Allocation Percentage | 50.08% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 30 August 2024, will be J$120,000,000,000.00.
The next auction is scheduled for Wednesday, 4 September 2024.
