Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20220826
Applications were opened on Wednesday, 24 August 2022 by Bank of Jamaica for the allocation of JMD 22,500,000,000.00 of BOJ 6.50% FR 30D-CD 20220826 through a competitive price auction. The issue date for the successful allotments is Friday, 26 August 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 6.50% FR 30D – CD 20220826 | |
| Total Bids Received | 187 |
| Total Value of Bids Received | $39,773,554,000.00 |
| Total Offer Amount | $22,500,000,000.00 |
| Total Successful Bids | 87 |
| Total Allocated Bids | $22,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.31% |
| Average Price for Successful Bids ($): | $99.82 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.20% / $12,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.099% / $37,950,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.499% / $140,000,000.00 |
| Bid Rate for Partial Allocation | 8.49999% |
| Partial Allocation Percentage | 98.29% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 26 August 2022, will be J$61,439,247,000.00
The next auction is scheduled for Wednesday, 31 August 2022.
