Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.50% FR 30D – CD 20220527
Applications were opened on Wednesday, 25 May 2022 by Bank of Jamaica for the allocation of JMD 19,500,000,000.00 of BOJ 5.50% FR 30D-CD 20220527 through a competitive price auction. The issue date for the successful allotments is Friday, 27 May 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 5.50% FR 30D – CD 20220527 | |
| Total Bids Received | 171 |
| Total Value of Bids Received | $36,102,573,000.00 |
| Total Offer Amount | $19,500,000,000.00 |
| Total Successful Bids | 124 |
| Total Allocated Bids | $19,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.70% |
| Average Price for Successful Bids ($): | $99.80 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.99000% / $140,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.99900% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.19900% / $211,000,000.00 |
| Bid Rate for Partial Allocation | 8.19999% |
| Partial Allocation Percentage | 18.16% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 27 May 2022, will be J$70,000,000,000.00
The next auction is scheduled for Wednesday, 01 June 2022.
