Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 2.50% FR 30D – CD 20211217

Applications were opened on Wednesday, 15 December 2021 by Bank of Jamaica for the allocation of

JMD 8,500,000,000.00 of BOJ 2.50% FR 30D-CD 20211217 through a competitive price auction. The issue date for the successful allotments is Friday, 17 December 2021.  

The results from the auction are as follows:

Instrument Name: BOJ 2.50% FR 30D – CD 20211217
Total Bids Received   70
Total Value of Bids Received$15,903,700,000.00
Total Offer Amount$8,500,000,000.00
Total Successful Bids21
Total Allocated Bids$8,500,000,000.00
Average Yield for Successfully Allocated Bids:4.18%
Average Price for Successful Bids ($):$99.86
Lowest Submitted Bid Rate (%) / Amount (JMD)4.00% / $400,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)9.99% / $250,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)4.24999% / $1,000,000,000.00
Bid Rate for Partial Allocation4.25%
Partial Allocation Percentage71.98%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 17 December 2021, will be J$40,500,000,000.00

The next auction is scheduled for Wednesday, 22 December 2021.

Post Author: Editorial Team