Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 1.00% FR 30D – CD 20210917

Applications were opened on Wednesday, 15 September 2021 by Bank of Jamaica for the allocation of

JMD 12,000,000,000.00 of BOJ 1.00% FR 30D-CD 20210917 through a competitive price auction. The issue date for the successful allotments is Friday, 17 September 2021.  

The results from the auction are as follows:

  Instrument Name: BOJ 1.00% FR 30D – CD 20210917
Total Bids Received    46
Total Value of Bids Received$16,766,329,000.00
Total Offer Amount$12,000,000,000.00
Total Successful Bids23
Total Allocated Bids$12,000,000,000.00
Average Yield for Successfully Allocated Bids:1.91%
Average Price for Successful Bids ($):99.93
Lowest Submitted Bid Rate (%) / Amount (JMD)1.20% / $50,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)7.50% / $100,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)2.349% / $400,000,000.00
Bid Rate for Partial Allocation2.35%
Partial Allocation Percentage48.84%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 17 September 2021, will be J$42,500,000,000.00

The next auction is scheduled for Wednesday, 22 September 2021.

Post Author: M. Lawes