Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20220923
Applications were opened on Wednesday, 21 September 2022 by Bank of Jamaica for the allocation of JMD 22,500,000,000.00 of BOJ 6.50% FR 30D-CD 20220923 through a competitive price auction. The issue date for the successful allotments is Friday, 23 September 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 6.50% FR 30D – CD 20220923 | |
| Total Bids Received | 208 |
| Total Value of Bids Received | $40,263,188,000.00 |
| Total Offer Amount | $22,500,000,000.00 |
| Total Successful Bids | 138 |
| Total Allocated Bids | $22,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.56% |
| Average Price for Successful Bids ($): | $99.88 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $146,452,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.75% / $460,327,000.00 |
| Bid Rate for Partial Allocation | 7.75999% |
| Partial Allocation Percentage | 96.00% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 23 September 2022, will be J$54,500,000,000.00
The next auction is scheduled for Wednesday, 28 September 2022.
