Results for Bank of Jamaica Fixed Rate Certificate of Deposit
7.50% BOJ FR 2-YR CD 2024B
Applications were opened on Tuesday, 12 April 2022 by Bank of Jamaica for the allocation of JMD 15,000,000,000.00 of 7.50% BOJ FR 2-YR CD 2024B through a competitive price auction. The issue date for the successful allotments is Thursday, 14 April 2022.
The results from the auction are as follows:
| Instrument Name: 7.50% BOJ FR 2-YR CD 2024B | |
| Total Bids Received | 126 |
| Total Value of Bids Received | $5,929,325,000.00 |
| Total Offer Amount | $15,000,000,000.00 |
| Total number of Bids Allocated[1] | 126 |
| Total Value of Bids Allocated1 | $5,929,325,000.00 |
| Average Yield for Successfully Allocated Bids: | 8.17% |
| Average Price for Successful Bids ($): | $98.77 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 7.00% / $50,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 8.50% / $1,032,500,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 8.50% / $1,032,500,000.00 |
| Bid Rate for Partial Allocation | N/A |
| Partial Allocation Percentage | N/A |
The total nominal outstanding amount for the 2-Year CDs on the settlement date – 14 April 2022, will be J$28,704,335,000.00.
[1] Bids were allocated in keeping with the reserve yield.
