Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20220909
Applications were opened on Wednesday, 07 September 2022 by Bank of Jamaica for the allocation of JMD 9,000,000,000.00 of BOJ 6.50% FR 30D-CD 20220909 through a competitive price auction. The issue date for the successful allotments is Friday, 09 September 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 6.50% FR 30D – CD 20220909 | |
| Total Bids Received | 205 |
| Total Value of Bids Received | $20,796,510,000.00 |
| Total Offer Amount | $9,000,000,000.00 |
| Total Successful Bids | 112 |
| Total Allocated Bids | $9,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.97% |
| Average Price for Successful Bids ($): | $99.85 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $2,504,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.50% / $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.07% / $150,000,000.00 |
| Bid Rate for Partial Allocation | 8.08% |
| Partial Allocation Percentage | 0.80% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 09 September 2022, will be J$59,000,000,000.00
The next auction is scheduled for Wednesday, 14 September 2022.
