Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 5.50% FR 30D – CD 20220603
Applications were opened on Wednesday, 01 June 2022 by Bank of Jamaica for the allocation of JMD 17,500,000,000.00 of BOJ 5.50% FR 30D-CD 20220603 through a competitive price auction. The issue date for the successful allotments is Friday, 03 June 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 5.50% FR 30D – CD 20220603 | |
| Total Bids Received | 145 |
| Total Value of Bids Received | $34,333,333,000.00 |
| Total Offer Amount | $17,500,000,000.00 |
| Total Successful Bids | 54 |
| Total Allocated Bids | $17,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.62% |
| Average Price for Successful Bids ($): | $99.81 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $10,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $400,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.80% / $100,000,000.00 |
| Bid Rate for Partial Allocation | 7.849% |
| Partial Allocation Percentage | 69.48% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 03 June 2022, will be J$72,000,000,000.00
The next auction is scheduled for Wednesday, 08 June 2022.
