Notices

Auction Results for Bank of Jamaica 14-day Repurchase Operation

Applications were opened on Monday, 08 March 2021 by Bank of Jamaica, for the provision of Jamaica Dollar liquidity, in the amount of JMD 8 200 000 000.00 through repurchases to deposit-taking financial institutions for settlement on Tuesday, 09 March 2021. These repurchases will mature on Tuesday, 23 March 2021.

The results are as follows:

Auction Number : BOJ/R-14/20210308/282 
Total Eligible Bids Received4
Total Value of Eligible Bids Received$8,200,000,000.00
Total Allocated Bids$8,200,000,000.00
Weighted Average Interest Rate:1.27%
Highest Submitted Bid Rate (%) / Amount (JMD)1.30% / $3200 000 000.00
Lowest Eligible Bid Rate (%) / Amount (JMD)1.25% / $5000 000 000.00
Highest Successful Bid Rate (%) / Amount (JMD)1.30% / $3200 000 000.00
Lowest Bid for Full Allocation Rate (%) / Amount (JMD)1.25% / $5000 000 000.00
Bid Rate for Partial AllocationN/A
Partial Allocation PercentageN/A

The next auction for 14-day repurchases is scheduled for 15 March 2021.

Post Author: Editorial Team