29 September 2021

Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 1.00% FR 30D – CD 20211001

Applications were opened on Wednesday, 29 September 2021 by Bank of Jamaica for the allocation of

JMD 10,500,000,000.00 of BOJ 1.00% FR 30D-CD 20211001 through a competitive price auction. The issue date for the successful allotments is Friday, 01 October 2021.  

The results from the auction are as follows:

  Instrument Name: BOJ 1.00% FR 30D – CD 20211001
Total Bids Received    45
Total Value of Bids Received$11,610,000,000.00
Total Offer Amount$10,500,000,000.00
Total Successful Bids40
Total Allocated Bids$10,500,000,000.00
Average Yield for Successfully Allocated Bids:2.59%
Average Price for Successful Bids ($):99.88
Lowest Submitted Bid Rate (%) / Amount (JMD)1.35% / $1,480,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)7.00% / $500,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)4.00% / $100,000,000.00
Bid Rate for Partial Allocation4.11%
Partial Allocation Percentage2.00%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 01 October 2021, will be J$45,500,000,000.00

The next auction is scheduled for Wednesday, 06 October 2021.

Post Author: M. Lawes