Notices

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 Bids85
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 Allocation8.00%
Partial Allocation Percentage38.66%

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.

Post Author: Editorial Team