Notices

Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.00% FR 30D – CD 20220429

Applications were opened on Wednesday, 27 April 2022 by Bank of Jamaica for the allocation of JMD 17,500,000,000.00 of BOJ 5.00% FR 30D-CD 20220429 through a competitive price auction. The issue date for the successful allotments is Friday, 29 April 2022.  

The results from the auction are as follows:

Instrument Name: BOJ 5.00% FR 30D – CD 20220429
Total Bids Received   184
Total Value of Bids Received$35,015,534,000.00
Total Offer Amount$17,500,000,000.00
Total Successful Bids78
Total Allocated Bids$17,500,000,000.00
Average Yield for Successfully Allocated Bids:8.23%
Average Price for Successful Bids ($):$99.72
Lowest Submitted Bid Rate (%) / Amount (JMD)7.10% / $1,480,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)11.00%/ $400,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)8.74% / $30,000,000.00
Bid Rate for Partial Allocation8.74999%
Partial Allocation Percentage54.89%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 29 April 2022, will be J$64,000,000,000.00

The next auction is scheduled for Wednesday, 04 May 2022.

Post Author: Editorial Team