Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20220916
Applications were opened on Wednesday, 14 September 2022 by Bank of Jamaica for the allocation of JMD 15,000,000,000.00 of BOJ 6.50% FR 30D-CD 20220916 through a competitive price auction. The issue date for the successful allotments is Friday, 16 September 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 6.50% FR 30D – CD 20220916 | |
| Total Bids Received | 201 |
| Total Value of Bids Received | $32,478,770,000.00 |
| Total Offer Amount | $15,000,000,000.00 |
| Total Successful Bids | 64 |
| Total Allocated Bids | $15,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.74% |
| Average Price for Successful Bids ($): | $99.87 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $129,918,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 11.00% / $250,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.79999% / $5,000,000,000.00 |
| Bid Rate for Partial Allocation | 7.80% |
| Partial Allocation Percentage | 33.51% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 16 September 2022, will be J$54,500,000,000.00
The next auction is scheduled for Wednesday, 21 September 2022.
