Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20241018
Applications were opened on Wednesday, 16 October 2024 by Bank of Jamaica for the allocation of JMD 51,000,000,000.00 of BOJ 7.00% FR 30D-CD 20241018 through a competitive price auction. The issue date for the successful allotments is Friday, 18 October 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20241018 | |
| Total Bids Received | 332 |
| Total Value of Bids Received | $60,643,325,000.00 |
| Total Offer Amount | $51,000,000,000.00 |
| Total Successful Bids | 286 |
| Total Allocated Bids | $51,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.77% |
| Average Price for Successful Bids ($): | $99.98 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $37,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $400,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.25% / $171,720,000.00 |
| Bid Rate for Partial Allocation | 7.28% |
| Partial Allocation Percentage | 0.60% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 18 October 2024, will be J$134,000,000,000.00.
The next auction is scheduled for Wednesday, 23 October 2024.
