Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20221230
Applications were opened on Wednesday, 28 December 2022 by Bank of Jamaica for the allocation of JMD 22,000,000,000.00 of BOJ 7.50% FR 30D-CD 20221230 through a competitive price auction. The issue date for the successful allotments is Friday, 30 December 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 7.50% FR 30D – CD 20221230 | |
| Total Bids Received | 230 |
| Total Value of Bids Received | $29,357,646,000.00 |
| Total Offer Amount | $22,000,000,000.00 |
| Total Successful Bids | 206 |
| Total Allocated Bids | $22,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.89% |
| Average Price for Successful Bids ($): | $99.85 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.80% / $30,017,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 12.00% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 9.499% / $120,500,000.00 |
| Bid Rate for Partial Allocation | 9.49999% |
| Partial Allocation Percentage | 59.21% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 30 December 2022, will be J$77,500,000,000.00
The next auction is scheduled for Wednesday, 04 January 2023.
