Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.00% FR 30D – CD 20221021
Applications were opened on Wednesday, 19 October 2022 by Bank of Jamaica for the allocation of JMD 19,000,000,000.00 of BOJ 7.00% FR 30D-CD 20221021 through a competitive price auction. The issue date for the successful allotments is Friday, 21 October 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 7.00% FR 30D – CD 20221021 | |
| Total Bids Received | 202 |
| Total Value of Bids Received | $24,493,700,000.00 |
| Total Offer Amount | $19,000,000,000.00 |
| Total Successful Bids | 169 |
| Total Allocated Bids | $19,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.67% |
| Average Price for Successful Bids ($): | $99.83 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $2,635,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 13.44% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.90% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 9.99% |
| Partial Allocation Percentage | 30.48% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 21 October 2022, will be J$66,589,296,000.00
The next auction is scheduled for Wednesday, 26 October 2022.
