Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.50% FR 30D – CD 20220617

Applications were opened on Wednesday, 15 June 2022 by Bank of Jamaica for the allocation of JMD 20,500,000,000.00 of BOJ 5.50% FR 30D-CD 20220617 through a competitive price auction. The issue date for the successful allotments is Friday, 17 June 2022.  

The results from the auction are as follows:

Instrument Name: BOJ 5.50% FR 30D – CD 20220617
Total Bids Received   175
Total Value of Bids Received$31,111,362,000.00
Total Offer Amount$20,500,000,000.00
Total Successful Bids138
Total Allocated Bids$20,500,000,000.00
Average Yield for Successfully Allocated Bids:7.30%
Average Price for Successful Bids ($):$99.83
Lowest Submitted Bid Rate (%) / Amount (JMD)6.75% / $100,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)8.9980% / $800,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)7.50% / $786,844,000.00
Bid Rate for Partial Allocation7.515%
Partial Allocation Percentage24.86%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 17 June 2022, will be J$76,000,000,000.00

The next auction is scheduled for Wednesday, 22 June 2022.

Post Author: Editorial Team