Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 2.50% FR 30D – CD 20211126

Applications were opened on Wednesday, 24 November 2021 by Bank of Jamaica for the allocation of

JMD 9,500,000,000.00 of BOJ 2.50% FR 30D-CD 20211126 through a competitive price auction. The issue date for the successful allotments is Friday, 26 November 2021.  

The results from the auction are as follows:

  Instrument Name: BOJ 2.50% FR 30D – CD 20211126
Total Bids Received   105
Total Value of Bids Received$18,897,500,000.00
Total Offer Amount$9,500,000,000.00
Total Successful Bids37
Total Allocated Bids$9,500,000,000.00
Average Yield for Successfully Allocated Bids:4.11%
Average Price for Successful Bids ($):$99.87
Lowest Submitted Bid Rate (%) / Amount (JMD)3.50% / $1,480,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)7.00% / $100,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)4.39% / $200,000,000.00
Bid Rate for Partial Allocation4.40%
Partial Allocation Percentage86.05%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 26 November 2021, will be J$43,500,000,000.00The next auction is scheduled for Wednesday, 01 December 2021.

Post Author: ricardom