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 Bids | 60 |
| 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 Allocation | 7.12% |
| Partial Allocation Percentage | 60.03% |
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.
