Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.00% FR 30D – CD 20220408
Applications were opened on Wednesday, 06 April 2022 by Bank of Jamaica for the allocation of JMD 13,500,000,000.00 of BOJ 5.00% FR 30D-CD 20220408 through a competitive price auction. The issue date for the successful allotments is Friday, 08 April 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 5.00% FR 30D – CD 20220408 | |
| Total Bids Received | 124 |
| Total Value of Bids Received | $19,823,300,000.00 |
| Total Offer Amount | $13,500,000,000.00 |
| Total Successful Bids | 85 |
| Total Allocated Bids | $13,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.68% |
| Average Price for Successful Bids ($): | $99.77 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.50% / $100,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.9993%/ $25,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.99999% / $1,000,000,000.00 |
| Bid Rate for Partial Allocation | 8.00% |
| Partial Allocation Percentage | 38.66% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 08 April 2022, will be J$67,000,000,000.00
The next auction is scheduled for Wednesday, 13 April 2022.
