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 Bids161
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 Allocation8.15%
Partial Allocation Percentage13.90%

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.

Post Author: Editorial Team