Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.00% FR 30D – CD 20220729
Applications were opened on Wednesday, 27 July 2022 by Bank of Jamaica for the allocation of JMD 22,500,000,000.00 of BOJ 6.00% FR 30D-CD 20220729 through a competitive price auction. The issue date for the successful allotments is Friday, 29 July 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 6.00% FR 30D – CD 20220729 | |
| Total Bids Received | 123 |
| Total Value of Bids Received | $27,745,891,000.00 |
| Total Offer Amount | $22,500,000,000.00 |
| Total Successful Bids | 105 |
| Total Allocated Bids | $22,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.50% |
| Average Price for Successful Bids ($): | $99.85 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $2,500,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.50% / $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.849% / $8,900,000.00 |
| Bid Rate for Partial Allocation | 7.998% |
| Partial Allocation Percentage | 5.12% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 29 July 2022, will be J$82,000,000,000.00
The next auction is scheduled for Wednesday, 03 August 2022.
