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 Bids | 189 |
| 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 Allocation | 9.849% |
| Partial Allocation Percentage | 57.67% |
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.
