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 Bids92
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 Allocation8.00%
Partial Allocation Percentage67.45%

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.

Post Author: Editorial Team