Results for Bank of Jamaica Fixed Rate Certificate of Deposit BOJ 1.00% FR 30D – CD 20210423

Applications were opened on Wednesday, 21 April 2021 by Bank of Jamaica for the allocation of JMD 2,400,000,000.00 of BOJ 1.00% FR 30D-CD 20210423 through a competitive price auction. The issue date for the successful allotments is Friday, 23 April 2021.

The results from the auction are as follows:

  Instrument Name: BOJ 1.00% FR 30D – CD 20210423
Total Bids Received67
Total Value of Bids Received$12,692,000,000.00
Total Offer Amount$2,400,000,000.00
Total Successful Bids27
Total Allocated Bids$2,400,000,000.00
Average Yield for Successfully Allocated Bids:0.50%
Average Price for Successful Bids ($):$100.04
Lowest Submitted Bid Rate (%) / Amount (JMD)0.40% / $230,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)3.61% / $250,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)0.529% / $25,000,000.00
Bid Rate for Partial Allocation0.53%
Partial Allocation Percentage25.71%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 23 April 2021, will be J$9,400,000,000.00

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

Post Author: Editorial Team