Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.00% FR 30D – CD 20220819
Applications were opened on Wednesday, 17 August 2022 by Bank of Jamaica for the allocation of JMD 19,500,000,000.00 of BOJ 6.00% FR 30D-CD 20220819 through a competitive price auction. The issue date for the successful allotments is Friday, 19 August 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 6.00% FR 30D – CD 20220819 | |
| Total Bids Received | 171 |
| Total Value of Bids Received | $26,025,750,000.00 |
| Total Offer Amount | $19,500,000,000.00 |
| Total Successful Bids | 113 |
| Total Allocated Bids | $19,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.94% |
| Average Price for Successful Bids ($): | $99.82 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $63,500,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 11.25% / $25,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.25% / $50,000,000.00 |
| Bid Rate for Partial Allocation | 9.35% |
| Partial Allocation Percentage | 45.16% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 19 August 2022, will be J$61,439,247,000.00
The next auction is scheduled for Wednesday, 24 August 2022.
