Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20221125
Applications were opened on Wednesday, 23 November 2022 by Bank of Jamaica for the allocation of JMD 15,000,000,000.00 of BOJ 7.50% FR 30D-CD 20221125 through a competitive price auction. The issue date for the successful allotments is Friday, 25 November 2022.
The results from the auction are as follows:
|Instrument Name: BOJ 7.50% FR 30D – CD 20221125|
|Total Bids Received||129|
|Total Value of Bids Received||$22,563,038,000.00|
|Total Offer Amount||$15,000,000,000.00|
|Total Successful Bids||60|
|Total Allocated Bids||$15,000,000,000.00|
|Average Yield for Successfully Allocated Bids:||8.47%|
|Average Price for Successful Bids ($):||$99.88|
|Lowest Submitted Bid Rate (%) / Amount (JMD)||7.50% / $17,559,000.00|
|Highest Submitted Bid Rate (%) / Amount (JMD)||11.989% / $300,000,000.00|
|Highest Bid Rate for Full Allocation (%) / Amount (JMD)||9.2499% / $100,000,000.00|
|Bid Rate for Partial Allocation||9.25%|
|Partial Allocation Percentage||30.82%|
The total nominal outstanding amount for the 30-day CDs on the settlement date – 25 November 2022, will be J$72,000,000,000.00.
The next auction is scheduled for Wednesday, 30 November 2022.