Results for Bank of Jamaica Fixed Rate Certificate of Deposit
7.50% BOJ FR 2-YR CD 2024C
Applications were opened on Tuesday, 23 August 2022 by Bank of Jamaica for the allocation of JMD 8,000,000,000.00 of 7.50% BOJ FR 2-YR CD 2024C through a competitive price auction. The issue date for the successful allotments is Thursday, 25 August 2022.
The results from the auction are as follows:
| Instrument Name: 7.50% BOJ FR 2-YR CD 2024C | |
| Total Bids Received | 127 |
| Total Value of Bids Received | $16,743,950,000.00 |
| Total Offer Amount | $8,000,000,000.00 |
| Total number of Bids Allocated[1] | 89 |
| Total Value of Bids Allocated1 | $8,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.95% |
| Average Price for Successful Bids ($): | $97.37 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.50% / $60,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.00% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.499% / $150,000,000.00 |
| Bid Rate for Partial Allocation | 9.49999 |
| Partial Allocation Percentage | 25.11% |
The total nominal outstanding amount for the 2-Year CDs on the settlement date –25 August 2022, will be J$36,704,335,000.00.
[1] Bids were allocated in keeping with the reserve yield.
