Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 6.50% FR 30D – CD 20220930
Applications were opened on Wednesday, 28 September 2022 by Bank of Jamaica for the allocation of JMD 14,000,000,000.00 of BOJ 6.50% FR 30D-CD 20220930 through a competitive price auction. The issue date for the successful allotments is Friday, 30 September 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 6.50% FR 30D – CD 20220930 | |
| Total Bids Received | 191 |
| Total Value of Bids Received | $26,483,430,000.00 |
| Total Offer Amount | $14,000,000,000.00 |
| Total Successful Bids | 58 |
| Total Allocated Bids | $14,000,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 7.41% |
| Average Price for Successful Bids ($): | $99.90 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $27,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 10.00% / $50,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.4998% / $4,000,000.00 |
| Bid Rate for Partial Allocation | 7.49999% |
| Partial Allocation Percentage | 74.18% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 30 September 2022, will be J$60,500,000,000.00
The next auction is scheduled for Wednesday, 05 October 2022.
