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 Bids29
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 Allocation2.99%
Partial Allocation Percentage70.00%

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.

Post Author: M. Lawes