21 July 2021

Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 1.00% FR 30D – CD 20210723

Applications were opened on Wednesday, 21 July 2021 by Bank of Jamaica for the allocation of JMD 8,500,000,000.00 of BOJ 1.00% FR 30D-CD 20210723 through a competitive price auction. The issue date for the successful allotments is Friday, 23 July 2021.  

The results from the auction are as follows:

  Instrument Name: BOJ 1.00% FR 30D – CD 20210723
Total Bids Received    85
Total Value of Bids Received$22,350,000,000.00
Total Offer Amount$8,500,000,000.00
Total Successful Bids50
Total Allocated Bids$8,500,000,000.00
Average Yield for Successfully Allocated Bids:0.58%
Average Price for Successful Bids ($):$100.03
Lowest Submitted Bid Rate (%) / Amount (JMD)0.52% / $25,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)3.41% / $500,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)0.61% / 1,600,000,000.00
Bid Rate for Partial Allocation0.62%
Partial Allocation Percentage45.46%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 23 July 2021, will be J$31,000,000,000.00

The next auction is scheduled for Wednesday, 28 July 2021.

Post Author: M. Lawes