Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 2.00% FR 30D – CD 20211119

Applications were opened on Wednesday, 17 November 2021 by Bank of Jamaica for the allocation of JMD 9,500,000,000.00 of BOJ 2.00% FR 30D-CD 20211119 through a competitive price auction. The issue date for the successful allotments is Friday, 19 November 2021.  

The results from the auction are as follows:

Instrument Name: BOJ 2.00% FR 30D – CD 20211119
Total Bids Received   75
Total Value of Bids Received$18,239,500,000.00
Total Offer Amount$9,500,000,000.00
Total Successful Bids28
Total Allocated Bids$9,500,000,000.00
Average Yield for Successfully Allocated Bids:4.34%
Average Price for Successful Bids ($):99.81
Lowest Submitted Bid Rate (%) / Amount (JMD)4.00% / $285,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)6.50% / $500,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)4.44% / $500,000,000.00
Bid Rate for Partial Allocation4.475%
Partial Allocation Percentage44%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 19 November 2021, will be J$41,500,000,000.00

The next auction is scheduled for Wednesday, 24 November 2021.

Post Author: Editorial Team