Notices

Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.00% FR 30D – CD 20220506

Applications were opened on Wednesday, 04 May 2022 by Bank of Jamaica for the allocation of JMD 15,500,000,000.00 of BOJ 5.00% FR 30D-CD 20220506 through a competitive price auction. The issue date for the successful allotments is Friday, 06 May 2022.  

The results from the auction are as follows:

Instrument Name: BOJ 5.00% FR 30D – CD 20220506
Total Bids Received   218
Total Value of Bids Received$37,542,560,000.00
Total Offer Amount$15,500,000,000.00
Total Successful Bids65
Total Allocated Bids$15,500,000,000.00
Average Yield for Successfully Allocated Bids:8.10%
Average Price for Successful Bids ($):$99.74
Lowest Submitted Bid Rate (%) / Amount (JMD)7.00% / $2,500,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)9.69%/ $450,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)8.21% / $60,000,000.00
Bid Rate for Partial Allocation8.229%
Partial Allocation Percentage35.00%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 06 May 2022, will be J$66,000,000,000.00

The next auction is scheduled for Wednesday, 11 May 2022.

Post Author: Editorial Team