LOCAL MARKET
BOJ/GOJ NEWS
On Monday, July 3, 2023, the Bank of Jamaica (BOJ) announced the issue of a $21.5 Billion 30-Day Fixed Rate Certificate of Deposit, namely 7.50% BOJ FR 30D-CD 20230707 for settlement on Friday, July 7, 2023. Results of the auction showed the CD was undersubscribed with 241 bids received totaling $21.427 Billion. The total bids received were allocated with an average yield of 10.86 per cent and
a price of $99.69. The highest submitted bid rate for full allocation was 15.93 per cent for $100 million.
Click here for more details On Tuesday, July 4, 2023, three T-Bills
were announced by the BOJ:
- A 91-Day T-Bill with an offer of
$700 Million - A 182-Day T-Bill with an offer of
$700 Million - A 273-Day T-Bill with an offer of
$800 Million
The T-Bills have a subscription date of July 12, 2023 and are set to settle on July 14, 2023. The cumulative value of $2.2 Billion is stated to be replacing the bills which mature in July 2023.
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