Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20221118
Applications were opened on Wednesday, 16 November 2022 by Bank of Jamaica for the allocation of JMD 20,000,000,000.00 of BOJ 7.00% FR 30D-CD 20221118 through a competitive price auction. The issue date for the successful allotments is Friday, 18 November 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20221118 | |
| Total Bids Received | 225 |
| Total Value of Bids Received | $21,607,379,000.00 |
| Total Offer Amount | $20,000,000,000.00 |
| Total Successful Bids | 214 |
| Total Allocated Bids | $20,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 9.35% |
| Average Price for Successful Bids ($): | $99.78 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $16,406,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 10.287% / $500,000,000.00 |
| Bid Rate for Partial Allocation | 10.30% |
| Partial Allocation Percentage | 93.30% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 18 November 2022, will be J$69,000,000,000.00
The next auction is scheduled for Wednesday, 23 November 2022.
