Results for Bank of Jamaica Fixed Rate Certificate of Deposit BOJ 1.00% FR 30D – CD 20210122
Applications were opened on Wednesday, 20 January 2021 by Bank of Jamaica for the allocation of JMD 14,000,000,000.00 of BOJ 1.00% FR 30D-CD 20210122 through a competitive price auction. The issue date for the successful allotments is Friday, 22 January 2021.
The results from the auction are as follows:
| Instrument Name: BOJ 1.00% FR 30D – CD 20210122 | |
| Total Bids Received | 54 |
| Total Value of Bids Received | $19,538,000,000.00 |
| Total Offer Amount | $14,000,000,000.00 |
| Total Successful Bids | 45 |
| Total Allocated Bids | $14,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 0.95% |
| Average Price for Successful Bids ($): | $100.00 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 0.50% / $117,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 4.50% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 1.50% / $1,400,000,000.00 |
| Bid Rate for Partial Allocation | 1.75% |
| Partial Allocation Percentage | 86.20% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 22 January 2021, will be J$43,500,000,000.00
The next auction is scheduled for Wednesday, 27 January 2021
