Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 2.50% FR 30D – CD 20211203

Applications were opened on Wednesday, 01 December 2021 by Bank of Jamaica for the allocation of

JMD 11,500,000,000.00 of BOJ 2.50% FR 30D-CD 20211203 through a competitive price auction. The issue date for the successful allotments is Friday, 03 December 2021.  

The results from the auction are as follows:

Instrument Name: BOJ 2.50% FR 30D – CD 20211203
Total Bids Received   79
Total Value of Bids Received$19,845,000,000.00
Total Offer Amount$11,500,000,000.00
Total Successful Bids39
Total Allocated Bids$11,500,000,000.00
Average Yield for Successfully Allocated Bids:4.19%
Average Price for Successful Bids ($):$99.86
Lowest Submitted Bid Rate (%) / Amount (JMD)3.999% / $200,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)8.499% / $100,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)4.40% / $100,000,000.00
Bid Rate for Partial Allocation4.45%
Partial Allocation Percentage22.50%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 03 December 2021, will be J$42,500,000,000.00

The next auction is scheduled for Wednesday, 08 December 2021.

Post Author: ricardom