Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.00% FR 30D – CD 20220506
Applications were opened on Wednesday, 04 May 2022 by Bank of Jamaica for the allocation of JMD 15,500,000,000.00 of BOJ 5.00% FR 30D-CD 20220506 through a competitive price auction. The issue date for the successful allotments is Friday, 06 May 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 5.00% FR 30D – CD 20220506 | |
| Total Bids Received | 218 |
| Total Value of Bids Received | $37,542,560,000.00 |
| Total Offer Amount | $15,500,000,000.00 |
| Total Successful Bids | 65 |
| Total Allocated Bids | $15,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.10% |
| Average Price for Successful Bids ($): | $99.74 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $2,500,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.69%/ $450,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.21% / $60,000,000.00 |
| Bid Rate for Partial Allocation | 8.229% |
| Partial Allocation Percentage | 35.00% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 06 May 2022, will be J$66,000,000,000.00
The next auction is scheduled for Wednesday, 11 May 2022.
