Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 1.00% FR 30D – CD 20210924
Applications were opened on Wednesday, 22 September 2021 by Bank of Jamaica for the allocation of JMD 11,500,000,000.00 of BOJ 1.00% FR 30D-CD 20210924 through a competitive price auction. The issue date for the successful allotments is Friday, 24 September 2021.
The results from the auction are as follows:
| Instrument Name: BOJ 1.00% FR 30D – CD 20210924 | |
| Total Bids Received | 43 |
| Total Value of Bids Received | $14,770,000,000.00 |
| Total Offer Amount | $11,500,000,000.00 |
| Total Successful Bids | 29 |
| Total Allocated Bids | $11,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 2.15% |
| Average Price for Successful Bids ($): | 99.91 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 1.75% / $250,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 6.50% / $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 2.95% / $150,000,000.00 |
| Bid Rate for Partial Allocation | 2.99% |
| Partial Allocation Percentage | 70.00% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 24 September 2021, will be J$44,000,000,000.00
The next auction is scheduled for Wednesday, 29 September 2021.
