Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 2.00% FR 30D – CD 20211015

Applications were opened on Wednesday, 13 October 2021 by Bank of Jamaica for the allocation of

JMD 12,000,000,000.00 of BOJ 2.00% FR 30D-CD 20211015 through a competitive price auction. The issue date for the successful allotments is Friday, 15 October 2021.  

The results from the auction are as follows:

  Instrument Name: BOJ 2.00% FR 30D – CD 20211015
Total Bids Received    53
Total Value of Bids Received$14,061,000,000.00
Total Offer Amount$12,000,000,000.00
Total Successful Bids46
Total Allocated Bids$12,000,000,000.00
Average Yield for Successfully Allocated Bids:4.17%
Average Price for Successful Bids ($):99.83
Lowest Submitted Bid Rate (%) / Amount (JMD)3.00% / $58,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)7.99% / $250,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)5.20% / $100,000,000.00
Bid Rate for Partial Allocation5.27%
Partial Allocation Percentage34.36%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 15 October 2021, will be J$46,500,000,000.00

The next auction is scheduled for Wednesday, 20 October 2021.

Post Author: M. Lawes