Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20221007
Applications were opened on Wednesday, 05 October 2022 by Bank of Jamaica for the allocation of JMD 15,000,000,000.00 of BOJ 7.00% FR 30D-CD 20221007 through a competitive price auction. The issue date for the successful allotments is Friday, 07 October 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20221007 | |
| Total Bids Received | 218 |
| Total Value of Bids Received | $21,498,605,000.00 |
| Total Offer Amount | $15,000,000,000.00 |
| Total Successful Bids | 161 |
| Total Allocated Bids | $15,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.54% |
| Average Price for Successful Bids ($): | $99.92 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $166,221,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.14% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 8.15% |
| Partial Allocation Percentage | 13.90% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 07 October 2022, will be J$66,500,000,000.00
The next auction is scheduled for Wednesday, 12 October 2022.
