Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 3.00% FR 30D – CD 20211231

Applications were opened on Wednesday, 29 December 2021 by Bank of Jamaica for the allocation of JMD 10,500,000,000.00 of BOJ 3.00% FR 30D-CD 20211231 through a competitive price auction. The issue date for the successful allotments is Friday, 31 December 2021.  

The results from the auction are as follows:

  Instrument Name: BOJ 3.00% FR 30D – CD 20211231
Total Bids Received   72
Total Value of Bids Received$21,158,943,000.00
Total Offer Amount$10,500,000,000.00
Total Successful Bids37
Total Allocated Bids$10,500,000,000.00
Average Yield for Successfully Allocated Bids:4.13%
Average Price for Successful Bids ($):$99.90
Lowest Submitted Bid Rate (%) / Amount (JMD)4.00% / $1,300,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)7.99% / $250,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)4.23% / $300,000,000.00
Bid Rate for Partial Allocation4.24%
Partial Allocation Percentage0.25%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 31 December 2021, will be J$36,500,000,000.00

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

Post Author: Editorial Team