Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.00% FR 30D – CD 20220513
Applications were opened on Wednesday, 11 May 2022 by Bank of Jamaica for the allocation of JMD 16,500,000,000.00 of BOJ 5.00% FR 30D-CD 20220513 through a competitive price auction. The issue date for the successful allotments is Friday, 13 May 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 5.00% FR 30D – CD 20220513 | |
| Total Bids Received | 179 |
| Total Value of Bids Received | $28,546,508,000.00 |
| Total Offer Amount | $16,500,000,000.00 |
| Total Successful Bids | 92 |
| Total Allocated Bids | $16,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.84% |
| Average Price for Successful Bids ($): | $99.76 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.95% / $50,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.89%/ $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.9999% / $4,281,600,000 |
| Bid Rate for Partial Allocation | 8.00% |
| Partial Allocation Percentage | 67.45% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 13 May 2022, will be J$68,000,000,000.00The next auction is scheduled for Wednesday, 18 May 2022.
