Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.00% FR 30D – CD 20220520
Applications were opened on Wednesday, 18 May 2022 by Bank of Jamaica for the allocation of JMD 18,500,000,000.00 of BOJ 5.00% FR 30D-CD 20220520 through a competitive price auction. The issue date for the successful allotments is Friday, 20 May 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 5.00% FR 30D – CD 20220520 | |
| Total Bids Received | 191 |
| Total Value of Bids Received | $37,574,893,000.00 |
| Total Offer Amount | $18,500,000,000.00 |
| Total Successful Bids | 68 |
| Total Allocated Bids | $18,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.38% |
| Average Price for Successful Bids ($): | $99.79 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.99999% / $3,000,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.7497% / $200,000,000.00 |
| Bid Rate for Partial Allocation | 7.75% |
| Partial Allocation Percentage | 34.28% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 20 May 2022, will be J$68,000,000,000.00
The next auction is scheduled for Wednesday, 25 May 2022.
