Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20241101
Applications were opened on Wednesday, 30 October 2024 by Bank of Jamaica for the allocation of JMD 15,000,000,000.00 of BOJ 7.00% FR 30D-CD 20241101 through a competitive price auction. The issue date for the successful allotments is Friday, 1 November 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20241101 | |
| Total Bids Received | 221 |
| Total Value of Bids Received | $25,132,133,000.00 |
| Total Offer Amount | $15,000,000,000.00 |
| Total Successful Bids | 167 |
| Total Allocated Bids | $15,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.80% |
| Average Price for Successful Bids ($): | $99.98 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.90% / $24,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $400,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.999% / $102,138,000.00 |
| Bid Rate for Partial Allocation | 7.00% |
| Partial Allocation Percentage | 19.66% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 1 November 2024, will be J$139,000,000,000.00.
The next auction is scheduled for Wednesday, 6 November 2024.
