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 Bids138
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 Allocation7.75999%
Partial Allocation Percentage96.00%

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.

Post Author: Editorial Team