Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.50% FR 30D – CD 20220701

Applications were opened on Wednesday, 29 June 2022 by Bank of Jamaica for the allocation of JMD 19,500,000,000.00 of BOJ 5.50% FR 30D-CD 20220701 through a competitive price auction. The issue date for the successful allotments is Friday, 01 July 2022.  

The results from the auction are as follows:

Instrument Name: BOJ 5.50% FR 30D – CD 20220701
Total Bids Received   136
Total Value of Bids Received$33,068,001,000.00
Total Offer Amount$19,500,000,000.00
Total Successful Bids60
Total Allocated Bids$19,500,000,000.00
Average Yield for Successfully Allocated Bids:7.04%
Average Price for Successful Bids ($):$99.86
Lowest Submitted Bid Rate (%) / Amount (JMD)6.00% / $10,487,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)8.70% / $400,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)7.11110% / $3,070,000.00
Bid Rate for Partial Allocation7.12%
Partial Allocation Percentage60.03%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 01 July 2022, will be J$80,000,000,000.00

The next auction is scheduled for Wednesday, 06 July 2022.

Post Author: Editorial Team