Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 1.00% FR 30D – CD 20210611

Applications were opened on Wednesday, 09 June 2021 by Bank of Jamaica for the allocation of

JMD 5,000,000,000.00 of BOJ 1.00% FR 30D-CD 20210611 through a competitive price auction. The issue date for the successful allotments is Friday, 11 June 2021.  

The results from the auction are as follows:

  Instrument Name: BOJ 1.00% FR 30D – CD 20210611
Total Bids Received    40
Total Value of Bids Received$14,490,000,000.00
Total Offer Amount$5,000,000,000.00
Total Successful Bids17
Total Allocated Bids$5,000,000,000.00
Average Yield for Successfully Allocated Bids:0.58%
Average Price for Successful Bids ($):$100.03
Lowest Submitted Bid Rate (%) / Amount (JMD)0.40% / $200,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)3.71% / $1,000,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)0.65% / $300,000,000.00
Bid Rate for Partial Allocation0.70%
Partial Allocation Percentage12.00%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 11 June 2021, will be J$24,400,000,000.00.

The next auction is scheduled for Wednesday, 16 June 2021.

Post Author: Editorial Team