Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.50% FR 30D – CD 20220610
Applications were opened on Wednesday, 08 June 2022 by Bank of Jamaica for the allocation of JMD 18,500,000,000.00 of BOJ 5.50% FR 30D-CD 20220610 through a competitive price auction. The issue date for the successful allotments is Friday, 10 June 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 5.50% FR 30D – CD 20220610 | |
| Total Bids Received | 123 |
| Total Value of Bids Received | $33,777,969,000.00 |
| Total Offer Amount | $18,500,000,000.00 |
| Total Successful Bids | 59 |
| Total Allocated Bids | $18,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.48% |
| Average Price for Successful Bids ($): | $99.82 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $29,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.50% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.5989% / $30,000,000.00 |
| Bid Rate for Partial Allocation | 7.59999% |
| Partial Allocation Percentage | 95.64% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 10 June 2022, will be J$74,000,000,000.00
The next auction is scheduled for Wednesday, 15 June 2022.
