Results for Bank of Jamaica Fixed Rate Certificate of Deposit
4.50% BOJ FR 2-YR CD 2024A
Applications were opened on Friday, 11 February 2022 by Bank of Jamaica for the allocation of JMD 20,000,000,000.00 of 4.50% BOJ FR 2-YR CD 2024A through a competitive price auction. The issue date for the successful allotments is Tuesday, 15 February 2022.
The results from the auction are as follows:
| Instrument Name: 4.50% BOJ FR 2-YR CD 2022A | |
| Total Bids Received | 142 |
| Total Value of Bids Received | $27,157,010,000.00 |
| Total Offer Amount | $20,000,000,000.00 |
| Total number of Bids Allocated[1] | 22 |
| Total Value of Bids Allocated1 | $7,775,010,000.00 |
| Average Yield for Successfully Allocated Bids: | 4.42% |
| Average Price for Successful Bids ($): | $100.15 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 3.50% / $1,000,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 5.50% / $925,000,000.00 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 2-Year CDs on the settlement date – 15 February 2022, will be J$22,775,010,000.00.
[1] Bids were allocated in keeping with the reserve yield.
