Notices

Auction Results for Bank of Jamaica 14-day Repurchase Operation

Applications were opened on Monday, 27 September 2021 by Bank of Jamaica, for the provision of Jamaica Dollar liquidity, in the amount of JMD 10 000 000 000.00 through repurchases to deposit-taking financial institutions for settlement on Tuesday, 28 September 2021. These repurchases will mature on Tuesday, 12 October 2021.

The results are as follows:

Auction Number : BOJ/R-14/20210927/296 
Total Eligible Bids Received   6
Total Value of Eligible Bids Received$13,000,000,000.00
Total Allocated Bids$10,000,000,000.00
Weighted Average  Interest Rate:3.31%
Highest Submitted Bid Rate (%) /  Amount (JMD)4.05% / $1400 000 000.00
Lowest Eligible Bid Rate (%) / Amount (JMD)2.50% / $1000 000 000.00
Highest Successful Bid  Rate (%) / Amount (JMD)4.05% / $1400 000 000.00
Lowest Bid for Full Allocation Rate (%) / Amount (JMD)3.02% / $4000 000 000.00
Bid Rate for Partial AllocationN/A
Partial Allocation PercentageN/A

The next auction for 14-day repurchases is scheduled for 04 October 2021.

Post Author: M. Lawes