Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 2.00% FR 30D – CD 20211020
Applications were opened on Wednesday, 20 October 2021 by Bank of Jamaica for the allocation of JMD 9,500,000,000.00 of BOJ 2.00% FR 30D-CD 20211020 through a competitive price auction. The issue date for the successful allotments is Friday, 22 October 2021.
The results from the auction are as follows:
| Instrument Name: BOJ 2.00% FR 30D – CD 20211022 | |
| Total Bids Received | 42 |
| Total Value of Bids Received | $14,740,000,000.00 |
| Total Offer Amount | $9,500,000,000.00 |
| Total Successful Bids | 24 |
| Total Allocated Bids | $9,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 4.53% |
| Average Price for Successful Bids ($): | 99.80 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 3.75% / $2,500,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 5.44% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 5.50% |
| Partial Allocation Percentage | 20.00% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 22 October 2021, will be J$44,500,000,000.00
The next auction is scheduled for Wednesday, 27 October 2021.
