Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20241108
Applications were opened on Wednesday, 6 November 2024 by Bank of Jamaica for the allocation of JMD 39,000,000,000.00 of BOJ 7.00% FR 30D-CD 20241108 through a competitive price auction. The issue date for the successful allotments is Friday, 8 November 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20241108 | |
| Total Bids Received | 247 |
| Total Value of Bids Received | $45,419,974,000.00 |
| Total Offer Amount | $39,000,000,000.00 |
| Total Successful Bids | 236 |
| Total Allocated Bids | $39,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.99% |
| Average Price for Successful Bids ($): | $99.97 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $16,700,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.498% / $2,200,000,000.00 |
| Bid Rate for Partial Allocation | 7.49999% |
| Partial Allocation Percentage | 8.00% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 8 November 2024, will be J$142,000,000,000.00.
The next auction is scheduled for Wednesday, 13 November 2024.
