Results for Bank of Jamaica Fixed Rate Certificate of Deposit BOJ 1.00% FR 30D – CD 20210507

Applications were opened on Wednesday, 05 May 2021 by Bank of Jamaica for the allocation of JMD 7,000,000,000.00 of BOJ 1.00% FR 30D-CD 20210507 through a competitive price auction. The issue date for the successful allotments is Friday, 07 May 2021.

The results from the auction are as follows:

  Instrument Name: BOJ 1.00% FR 30D – CD 20210507
Total Bids Received52
Total Value of Bids Received$25,710,000,000.00
Total Offer Amount$7,000,000,000.00
Total Successful Bids12
Total Allocated Bids$7,000,000,000.00
Average Yield for Successfully Allocated Bids:0.52%
Average Price for Successful Bids ($):$100.04
Lowest Submitted Bid Rate (%) / Amount (JMD)0.46% / $50,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)3.50% / $50,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)0.525% / $100,000,000.00
Bid Rate for Partial Allocation0.529%
Partial Allocation Percentage26.18%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 07 May 2021, will be J$9,400,000,000.00

The next auction is scheduled for Wednesday, 12 May 2021.

Post Author: Editorial Team