Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20221104
Applications were opened on Wednesday, 02 November 2022 by Bank of Jamaica for the allocation of JMD 19,000,000,000.00 of BOJ 7.00% FR 30D-CD 20221104 through a competitive price auction. The issue date for the successful allotments is Friday, 04 November 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20221104 | |
| Total Bids Received | 251 |
| Total Value of Bids Received | $24,235,247,000.00 |
| Total Offer Amount | $19,000,000,000.00 |
| Total Successful Bids | 225 |
| Total Allocated Bids | $19,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.15% |
| Average Price for Successful Bids ($): | $99.87 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $101,045,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 11.00% / $300,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.09990% / $20,000,000.00 |
| Bid Rate for Partial Allocation | 9.09999% |
| Partial Allocation Percentage | 67.73% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 04 November 2022, will be J$68,589,296,000.00
The next auction is scheduled for Wednesday, 09 November 2022.
