Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 3.00% FR 30D – CD 20220218
Applications were opened on Wednesday, 16 February 2022 by Bank of Jamaica for the allocation of JMD 11,500,000,000.00 of BOJ 3.00% FR 30D-CD 20220218 through a competitive price auction. The issue date for the successful allotments is Friday, 18 February 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 3.00% FR 30D – CD 20220218 | |
| Total Bids Received | 63 |
| Total Value of Bids Received | $15,042,486,000.00 |
| Total Offer Amount | $11,500,000,000.00 |
| Total Successful Bids | 41 |
| Total Allocated Bids | $11,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 4.08% |
| Average Price for Successful Bids ($): | $99.91 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 4.00% / $2,530,133,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 8.999%/ $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 4.30% / $200,000,000.00 |
| Bid Rate for Partial Allocation | 4.70% |
| Partial Allocation Percentage | 17.03% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 18 February 2022, will be J$46,500,000,000.00
The next auction is scheduled for Wednesday, 23 February 2022.
