Results for Bank of Jamaica Fixed Rate Certificate of Deposit BOJ 1.00% FR 30D – CD 20210514

Applications were opened on Wednesday, 12 May 2021 by Bank of Jamaica for the allocation of JMD 2,000,000,000.00 of BOJ 1.00% FR 30D-CD 20210514 through a competitive price auction. The issue date for the successful allotments is Friday, 14 May 2021.

The results from the auction are as follows:

  Instrument Name: BOJ 1.00% FR 30D – CD 20210514
Total Bids Received108
Total Value of Bids Received$14,400,000,000.00
Total Offer Amount$2,000,000,000.00
Total Successful Bids24
Total Allocated Bids$2,000,000,000.00
Average Yield for Successfully Allocated Bids:0.50%
Average Price for Successful Bids ($):$100.04
Lowest Submitted Bid Rate (%) / Amount (JMD)0.478% / $12,500,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)3.97% / $200,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)0.499% / $25,000,000.00
Bid Rate for Partial Allocation0.50%
Partial Allocation Percentage83.12%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 14 May 2021, will be J$11,400,000,000.00

The next auction is scheduled for Wednesday, 19 May 2021.

Post Author: Editorial Team