Notices

Auction Results for Bank of Jamaica 14-day Repurchase Operation

Applications were opened on Monday, 29 March 2021 by Bank of Jamaica, for the provision of Jamaica Dollar liquidity, in the amount of JMD 5 000 000 000.00 through repurchases to deposit-taking financial institutions for settlement on Tuesday, 30 March 2021. These repurchases will mature on Tuesday, 13 April 2021.

The results are as follows:

Auction Number : BOJ/R-14/20210329/285 
Total Eligible Bids Received2
Total Value of Eligible Bids Received$5,900,000,000.00
Total Allocated Bids$5,000,000,000.00
Weighted Average Interest Rate:1.26%
Highest Submitted Bid Rate (%) / Amount (JMD)1.30% / $900 000 000.00
Lowest Eligible Bid Rate (%) / Amount (JMD)1.25% / $5000 000 000.00
Highest Successful Bid Rate (%) / Amount (JMD)1.30% / $900 000 000.00
Lowest Bid for Full Allocation Rate (%) / Amount (JMD)1.30% / $900 000 000.00
Bid Rate for Partial Allocation1.25%
Partial Allocation Percentage82.00%

The next auction for 14-day repurchases is scheduled for 01 April 2021.

Post Author: Editorial Team