LOCAL MARKET
BOJ/GOJ NEWS
On Tuesday, August 22, 2023, the Bank of Jamaica (BOJ) announced the issue of a $31 Billion 30-Day Fixed Rate Certificate of Deposit, namely 7.50% BOJ FR 30D-CD 20230825 for settlement on Friday, August 25, 2023. Results of the auction showed 264 bids received totaling $36.171 Billion. The CD was oversubscribed 1.23 times and only 224 subscribers were successful with 4.98 per cent of bids being partially allocated at a bid rate of 10.99999 per cent. The average price for successful bids was $99.78 with an average yield of 9.66 per cent. The highest rate for full allocation was 10.999 per cent for $500 Million. Click here for more details.
The BOJ conducted two B-FXITT operations on August 24 and 25, 2023 for a combined sale of US$ 60 million.
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