Results for Bank of Jamaica Fixed Rate Certificate of Deposit BOJ 1.00% FR 30D – CD 20210312
Applications were opened on Wednesday, 10 March 2021 by Bank of Jamaica for the allocation of JMD 7,000,000,000.00 of BOJ 1.00% FR 30D-CD 20210312 through a competitive price auction. The issue date for the successful allotments is Friday, 12 March 2021.
The results from the auction are as follows:
| Instrument Name: BOJ 1.00% FR 30D – CD 20210312 | |
| Total Bids Received | 70 |
| Total Value of Bids Received | $21,005,000,000.00 |
| Total Offer Amount | $7,000,000,000.00 |
| Total Successful Bids | 13 |
| Total Allocated Bids | $7,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 1.46% |
| Average Price for Successful Bids ($): | $99.96 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 0.75% / $1,000,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 4.75% / $500,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 2.099% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 2.10% |
| Partial Allocation Percentage | 70.50% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 12 March 2021, will be J$30,000,000,000.00.
The next auction is scheduled for Wednesday, 17 March 2021.
