Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20221216
Applications were opened on Wednesday, 14 December 2022 by Bank of Jamaica for the allocation of JMD 21,000,000,000.00 of BOJ 7.50% FR 30D-CD 20221216 through a competitive price auction. The issue date for the successful allotments is Friday, 16 December 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20221216 | |
| Total Bids Received | 188 |
| Total Value of Bids Received | $26,001,508,000.00 |
| Total Offer Amount | $21,000,000,000.00 |
| Total Successful Bids | 157 |
| Total Allocated Bids | $21,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.39% |
| Average Price for Successful Bids ($): | $99.81 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.71% / $1,500,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 11.50% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.88% / $50,000,000.00 |
| Bid Rate for Partial Allocation | 9.90% |
| Partial Allocation Percentage | 11.58% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 16 December 2022, will be J$76,000,000,000.00
The next auction is scheduled for Wednesday, 21 December 2022.
