Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 4.50% FR 30D – CD 20220311
Applications were opened on Wednesday, 09 March 2022 by Bank of Jamaica for the allocation of JMD 13,500,000,000.00 of BOJ 4.50% FR 30D-CD 20220311 through a competitive price auction. The issue date for the successful allotments is Friday, 11 March 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 4.50% FR 30D – CD 20220311 | |
| Total Bids Received | 131 |
| Total Value of Bids Received | $21,109,023,000.00 |
| Total Offer Amount | $13,500,000,000.00 |
| Total Successful Bids | 82 |
| Total Allocated Bids | $13,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.29% |
| Average Price for Successful Bids ($): | $99.84 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.25% / $50,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.00%/ $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 6.74999% / $500,000,000.00 |
| Bid Rate for Partial Allocation | 6.75% |
| Partial Allocation Percentage | 5.22% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 11 March 2022, will be J$57,500,000,000.00
The next auction is scheduled for Wednesday, 16 March 2022.
