Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 3.00% FR 30D – CD 20211224
Applications were opened on Wednesday, 22 December 2021 by Bank of Jamaica for the allocation of JMD 6,500,000,000.00 of BOJ 3.00% FR 30D-CD 20211224 through a competitive price auction. The issue date for the successful allotments is Friday, 24 December 2021.
The results from the auction are as follows:
| Instrument Name: BOJ 3.00% FR 30D – CD 20211224 | |
| Total Bids Received | 74 |
| Total Value of Bids Received | $15,783,400,000.00 |
| Total Offer Amount | $6,500,000,000.00 |
| Total Successful Bids | 28 |
| Total Allocated Bids | $6,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 4.12% |
| Average Price for Successful Bids ($): | $99.91 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 4.00% / $1,940,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 8.999% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 4.225% / $300,000,000.00 |
| Bid Rate for Partial Allocation | 4.23% |
| Partial Allocation Percentage | 78.32% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 24 December 2021, will be J$37,500,000,000.00
The next auction is scheduled for Wednesday, 29 December 2021.
