Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.50% FR 30D – CD 20220624

Applications were opened on Wednesday, 22 June 2022 by Bank of Jamaica for the allocation of JMD 21,500,000,000.00 of BOJ 5.50% FR 30D-CD 20220624 through a competitive price auction. The issue date for the successful allotments is Friday, 24 June 2022.  

The results from the auction are as follows:

Instrument Name: BOJ 5.50% FR 30D – CD 20220624
Total Bids Received   182
Total Value of Bids Received$38,274,277,000.00
Total Offer Amount$21,500,000,000.00
Total Successful Bids73
Total Allocated Bids$21,500,000,000.00
Average Yield for Successfully Allocated Bids:7.17%
Average Price for Successful Bids ($):$99.85
Lowest Submitted Bid Rate (%) / Amount (JMD)7.00% / $2,548,249,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)8.70% / $300,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)7.2499% / $50,000,000.00
Bid Rate for Partial Allocation7.24999%
Partial Allocation Percentage96.85%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 24 June 2022, will be J$78,000,000,000.00

The next auction is scheduled for Wednesday, 29 June 2022.

Post Author: Editorial Team