Results for Bank of Jamaica Fixed Rate Certificate of Deposit
2.10% BOJ FR 1-YR CD 2022B
Applications were opened on Thursday, 21 October 2021 by Bank of Jamaica for the allocation of JMD 4,500,000,000.00 of 2.10% BOJ FR 1-YR CD 2022B through a competitive price auction. The issue date for the successful allotments is Monday, 25 October 2021.
The results from the auction are as follows:
| Instrument Name: 2.10% BOJ FR 1-YR CD 2022B | |
| Total Bids Received | 107 |
| Total Value of Bids Received | $15,879,890,000.00 |
| Total Offer Amount | $4,500,000,000.00 |
| Total Successful Bids | 27 |
| Total Allocated Bids | $4,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 2.74% |
| Average Price for Successful Bids ($): | $99.37 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 1.495% / $400,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 8.99% / $422,890,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 4.50% / $140,000,000.00 |
| Bid Rate for Partial Allocation | 4.76% |
| Partial Allocation Percentage | 28.40% |
The total nominal outstanding amount for the 365-days CDs on the settlement date – 25 October 2021, will be J$14,500,000,000.00
