On Friday, August 4, 2023, the Bank of Jamaica (BOJ) announced the issue of a $23 Billion 30-Day Fixed Rate Certificate of Deposit, namely 7.50% BOJ FR 30D-CD 20230811 for settlement on Friday, August 11, 2023. Results of the auction showed the CD was oversubscribed 1.15 times with 224 bids received totaling $26.553 Billion. The total offer of $23 Billion was allotted with only 223 bids being successful, with an average yield of 9.68 per cent and a price of $99.78. The highest submitted bid rate for full allocation was 14.99 per cent for $150 million. Partial allocation was 17.48 per cent with a bid rate of 15 per cent. Click here for more details
On Wednesday, August 9, 2023, the auction for three Government of Jamaica (GOJ) T-Bills announced Thursday, August 3, 2023, was conducted. Results of the auction showed:
- The 91-Day T-Bill with an offer of $700 Million had an average yield of 7.7539 per cent and was oversubscribed 2.61x. Total bids received were valued at $1.827 Billion with the full offer of $700 million being allotted. Full allotment yield was in the range of 7.0 – 7.8 per cent with a full allotment price of $98.28473 – $98.09244. Partial allocation was 80.12985 per cent with a yield of 7.911 per cent and a price of $98.06582.
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