Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20221209
Applications were opened on Wednesday, 07 December 2022 by Bank of Jamaica for the allocation of JMD 19,500,000,000.00 of BOJ 7.50% FR 30D-CD 20221209 through a competitive price auction. The issue date for the successful allotments is Friday, 09 December 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20221209 | |
| Total Bids Received | 247 |
| Total Value of Bids Received | $25,365,269,000.00 |
| Total Offer Amount | $19,500,000,000.00 |
| Total Successful Bids | 203 |
| Total Allocated Bids | $19,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.08% |
| Average Price for Successful Bids ($): | $99.83 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.75% / $200,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.7890% / $150,000,000.00 |
| Bid Rate for Partial Allocation | 9.79% |
| Partial Allocation Percentage | 54.14% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 09 December 2022, will be J$75,000,000,000.00
The next auction is scheduled for Wednesday, 14 December 2022.
