Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.00% FR 30D – CD 20220805

Applications were opened on Wednesday, 03 August 2022 by Bank of Jamaica for the allocation of JMD 22,000,000,000.00 of BOJ 6.00% FR 30D-CD 20220805 through a competitive price auction. The issue date for the successful allotments is Friday, 05 August 2022.   

The results from the auction are as follows:

Instrument Name: BOJ 6.00% FR 30D – CD 20220805 
Total Bids Received       115
Total Value of Bids Received$9,542,931,000.00
Total Offer Amount$22,000,000,000.00
Total Successful Bids115
Total Allocated Bids$8,942,931,000.00
Average Yield for Successfully Allocated Bids:8.06%
Average Price for Successful Bids ($):$99.81
Lowest Submitted Bid Rate (%) / Amount (JMD)7.00% / $19,510,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)9.999% / $100,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)9.999% / $100,000,000.00
Bid Rate for Partial AllocationN/A
Partial Allocation PercentageN/A

The total nominal outstanding amount for the 30-day CDs on the settlement date – 05 August 2022, will be J$71,442,931,000.00. The next auction is scheduled for Wednesday, 10 August 2022.

Post Author: Editorial Team