Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20220902
Applications were opened on Wednesday, 31 August 2022 by Bank of Jamaica for the allocation of JMD 8,000,000,000.00 of BOJ 6.50% FR 30D-CD 20220902 through a competitive price auction. The issue date for the successful allotments is Friday, 02 September 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 6.50% FR 30D – CD 20220902 | |
| Total Bids Received | 181 |
| Total Value of Bids Received | $18,518,869,000.00 |
| Total Offer Amount | $8,000,000,000.00 |
| Total Successful Bids | 101 |
| Total Allocated Bids | $8,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.12% |
| Average Price for Successful Bids ($): | $99.84 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.20% / $7,500,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.50% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.297% / $1,000,000,000.00 |
| Bid Rate for Partial Allocation | 8.2999% |
| Partial Allocation Percentage | 8.57% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 02 September 2022, will be J$60,496,316,000.00
The next auction is scheduled for Wednesday, 07 September 2022.
