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.
