The Bank of Jamaica says 308 bids valued at $38.36 billion were submitted for the $24 billion in liquidity it wanted to mop-up with its 6.25% per annum fixed rate Certificate of Deposit on Friday.
The bank, however, accepted only 255 bids for the $24 billion.
The average yield for successful bids was 5.96% per annum.
The lowest bid submitted was for approximately $26 million at 5.50%, while highest bid was for $500 million at 8% per annum.
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