Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20241004
Applications were opened on Wednesday, 2 October 2024 by Bank of Jamaica for the allocation of JMD 12,000,000,000.00 of BOJ 7.00% FR 30D-CD 20241004 through a competitive price auction. The issue date for the successful allotments is Friday, 4 October 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20241004 | |
| Total Bids Received | 193 |
| Total Value of Bids Received | $18,326,844,000.00 |
| Total Offer Amount | $12,000,000,000.00 |
| Total Successful Bids | 159 |
| Total Allocated Bids | $12,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.65% |
| Average Price for Successful Bids ($): | $99.99 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.00% / $200,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 8.00% / $205,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.89% / $300,000,000.00 |
| Bid Rate for Partial Allocation | 6.894% |
| Partial Allocation Percentage | 84.34% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 4 October 2024, will be J$131,000,000,000.00.
The next auction is scheduled for Wednesday, 9 October 2024.
