Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20221014
Applications were opened on Wednesday, 12 October 2022 by Bank of Jamaica for the allocation of JMD 20,000,000,000.00 of BOJ 7.00% FR 30D-CD 20221014 through a competitive price auction. The issue date for the successful allotments is Friday, 14 October 2022.
The results from the auction are as follows:
Instrument Name: BOJ 7.00% FR 30D – CD 20221014 | |
Total Bids Received | 173 |
Total Value of Bids Received | $18,619,296,000.00 |
Total Offer Amount | $20,000,000,000.00 |
Total Successful Bids | 173 |
Total Allocated Bids | $18,589,296,000.00 |
Average Yield for Successfully Allocated Bids: | 8.47% |
Average Price for Successful Bids ($): | $99.85 |
Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $28,000,000.00 |
Highest Submitted Bid Rate (%) / Amount (JMD) | 10.51% / $200,000,000.00 |
Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.51% / $200,000,000.00 |
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 – 14 October 2022, will be J$70,089,296,000.00
The next auction is scheduled for Wednesday, 19 October 2022.