Results for Bank of Jamaica Fixed Rate Certificate of Deposit BOJ 1.00% FR 30D – CD 20210226
Applications were opened on Wednesday, 24 February 2021 by Bank of Jamaica for the allocation of JMD 8,000,000,000.00 of BOJ 1.00% FR 30D-CD 20210226 through a competitive price auction. The issue date for the successful allotments is Friday, 26 February 2021.
The results from the auction are as follows:
| Instrument Name: BOJ 1.00% FR 30D – CD 20210226 | |
| Total Bids Received | 57 |
| Total Value of Bids Received | $12,685,000,000.00 |
| Total Offer Amount | $8,000,000,000.00 |
| Total Successful Bids | 32 |
| Total Allocated Bids | $8,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 2.47% |
| Average Price for Successful Bids ($): | $99.89 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 1.75% / $1,500,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 5.00% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 3.25% / $750,000,000.00 |
| Bid Rate for Partial Allocation | 3.30% |
| Partial Allocation Percentage | 95.00% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 26 February 2021, will be J$44,000,000,000.00.
The next auction is scheduled for Wednesday, 03 March 2021.
