Auction Results for Bank of Jamaica 14-day Repurchase Operation
Applications were opened on Monday, 03 May 2021 by Bank of Jamaica, for the provision of Jamaica Dollar liquidity, in the amount of JMD 6 900 000 000.00 through repurchases to deposit-taking financial institutions for settlement on Tuesday, 04 May 2021. These repurchases will mature on Tuesday, 18 May 2021.
The results are as follows:
| Auction Number : BOJ/R-14/20210503/290 | |
| Total Eligible Bids Received | 9 |
| Total Value of Eligible Bids Received | $12,125,000,000.00 |
| Total Allocated Bids | $6,900,000,000.00 |
| Weighted Average Interest Rate: | 1.95% |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 2.00% / $4125 000 000.00 |
| Lowest Eligible Bid Rate (%) / Amount (JMD) | 1.25% / $1500 000 000.00 |
| Highest Successful Bid Rate (%) / Amount (JMD) | 2.00% / $4125 000 000.00 |
| Lowest Bid for Full Allocation Rate (%) / Amount (JMD) | 1.96% / $1000 000 000.00 |
| Bid Rate for Partial Allocation | 1.82% |
| Partial Allocation Percentage | 71.00% |
The next auction for 14-day repurchases is scheduled for 10 May 2021.
