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 Bids | 138 |
| 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 Allocation | 7.515% |
| Partial Allocation Percentage | 24.86% |
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.
