Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 7.50% FR 30D – CD 20221202

Applications were opened on Wednesday, 30 November 2022 by Bank of Jamaica for the allocation of JMD 20,500,000,000.00 of BOJ 7.50% FR 30D-CD 20221202 through a competitive price auction. The issue date for the successful allotments is Friday, 02 December 2022.  

The results from the auction are as follows:

  Instrument Name: BOJ 7.50% FR 30D – CD 20221202
Total Bids Received    219
Total Value of Bids Received$25,937,984,000.00
Total Offer Amount$20,500,000,000.00
Total Successful Bids189
Total Allocated Bids$20,500,000,000.00
Average Yield for Successfully Allocated Bids:8.94%
Average Price for Successful Bids ($):$99.84
Lowest Submitted Bid Rate (%) / Amount (JMD)7.50% / $3,943,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)11.25% / $50,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)9.80% / $50,000,000.00
Bid Rate for Partial Allocation9.849%
Partial Allocation Percentage57.67%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 02 December 2022, will be J$73,500,000,000.00.

The next auction is scheduled for Wednesday, 07 December 2022.

Post Author: Editorial Team