Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 4.50% FR 30D – CD 20220401
Applications were opened on Wednesday, 30 March 2022 by Bank of Jamaica for the allocation of JMD 20,500,000,000.00 of BOJ 4.50% FR 30D-CD 20220401 through a competitive price auction. The issue date for the successful allotments is Friday, 01 April 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 4.50% FR 30D – CD 20220401 | |
| Total Bids Received | 127 |
| Total Value of Bids Received | $24,358,421,000.00 |
| Total Offer Amount | $20,500,000,000.00 |
| Total Successful Bids | 114 |
| Total Allocated Bids | $20,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.19% |
| Average Price for Successful Bids ($): | $99.77 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 6.00% / $3,003,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.995%/ $200,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.15% / $200,000,000.00 |
| Bid Rate for Partial Allocation | 8.23% |
| Partial Allocation Percentage | 42.90% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 01 April 2022, will be J$67,000,000,000.00
The next auction is scheduled for Wednesday, 06 April 2022.
