Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20241122
Applications were opened on Wednesday, 20 November 2024 by Bank of Jamaica for the allocation of JMD 40,000,000,000.00 of BOJ 7.00% FR 30D-CD 20241122 through a competitive price auction. The issue date for the successful allotments is Friday, 22 November 2024.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20241122 | |
| Total Bids Received | 279 |
| Total Value of Bids Received | $54,502,946,000 |
| Total Offer Amount | $40,000,000,000.00 |
| Total Successful Bids | 236 |
| Total Allocated Bids | $40,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.98% |
| Average Price for Successful Bids ($): | $99.97 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $9,873,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 11.00% / $4,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.24% / $335,791,000.00 |
| Bid Rate for Partial Allocation | 7.245% |
| Partial Allocation Percentage | 81.47% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 22 November 2024, will be J$146,000,000,000.00.
The next auction is scheduled for Wednesday, 27 November 2024.
