Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20220930

Applications were opened on Wednesday, 28 September 2022 by Bank of Jamaica for the allocation of JMD 14,000,000,000.00 of BOJ 6.50% FR 30D-CD 20220930 through a competitive price auction. The issue date for the successful allotments is Friday, 30 September 2022.  

The results from the auction are as follows:

Instrument Name: BOJ 6.50% FR 30D – CD 20220930
Total Bids Received   191
Total Value of Bids Received$26,483,430,000.00
Total Offer Amount$14,000,000,000.00
Total Successful Bids58
Total Allocated Bids$14,000,000,000.00
Average Yield for Successfully Allocated Bids:7.41%
Average Price for Successful Bids ($):$99.90
Lowest Submitted Bid Rate (%) / Amount (JMD)7.00% / $27,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)10.00% / $50,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)7.4998% / $4,000,000.00
Bid Rate for Partial Allocation7.49999%
Partial Allocation Percentage74.18%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 30 September 2022, will be J$60,500,000,000.00

The next auction is scheduled for Wednesday, 05 October 2022.

Post Author: Editorial Team