Results for Bank of Jamaica Fixed Rate Certificate of Deposit


Applications were opened on Monday, 27 November 2023 by Bank of Jamaica for the allocation of USD 190,000,000.00 of BOJ 6.00% US – Indexed Note 2026A through a competitive price auction. The issue date for the successful allotments is Wednesday, 29 November 2023.  

The results from the auction are as follows:

  Instrument Name: BOJ 6.00% US-Indexed Note 2026A
Total Bids Received    115
Total Value of Bids ReceivedUS$113,127,600.00
Total Offer AmountUS$190,000,000.00
Total Successful Bids112
Total Allocated BidsUS$113,097,600.00
Average Yield for Successfully Allocated Bids:6.08%
Average Price for Successful Bids ($):99.83
Lowest Submitted Bid Rate (%) / Amount (USD)4.98% / $2,500,000.00
Highest Submitted Bid Rate (%) / Amount (USD)20.00% / $10,000.00
Highest Bid Rate for Full Allocation (%) / Amount (USD)7.51% / $10,000.00
Bid Rate for Partial AllocationN/A
Partial Allocation PercentageN/A

The total nominal outstanding amount for BOJ USD Indexed Notes on the settlement date – 29 November 2023, will be US$221,647,600.00

Post Author: Editorial Team