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 Bids | 78 |
| 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 Allocation | 8.74999% |
| Partial Allocation Percentage | 54.89% |
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.
