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 Bids | 73 |
| 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 Allocation | 7.24999% |
| Partial Allocation Percentage | 96.85% |
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.
