Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.00% FR 30D – CD 20220812
Applications were opened on Wednesday, 10 August 2022 by Bank of Jamaica for the allocation of JMD 14,000,000,000.00 of BOJ 6.00% FR 30D-CD 20220812 through a competitive price auction. The issue date for the successful allotments is Friday, 12 August 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 6.00% FR 30D – CD 20220812 | |
| Total Bids Received | 144 |
| Total Value of Bids Received | $10,757,790,000.00 |
| Total Offer Amount | $14,000,000,000.00 |
| Total Successful Bids | 144 |
| Total Allocated Bids | $10,496,316,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.64% |
| Average Price for Successful Bids ($): | $99.76 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $1,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.999% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.999% / $50,000,000.00 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 12 August 2022, will be J$61,439,247,000.00
The next auction is scheduled for Wednesday, 17 August 2022.
