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 Bids60
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 Allocation9.25%
Partial Allocation Percentage30.82%

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.

Post Author: Editorial Team