Bank of Jamaica 30-day CD Auction Results 25 Nov 2020

11/25/2020 | 12:37pm

25 November 2020

Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 1.00% FR 30D - CD 20201127

Applications were opened on Wednesday, 25 November 2020 by Bank of Jamaica for the allocation of JMD 9,000,000,000.00 of BOJ 1.00% FR 30D-CD20201127 through a competitive price auction. The issue date for the successful allotments is Friday, 27 November 2020.

The results from the auction are as follows:

Instrument Name: BOJ 1.00% FR 30D - CD 20201127

Total Bids Received

109

Total Value of Bids Received

$31,143,000,000.00

Total Offer Amount

$9,000,000,000.00

Total Successful Bids

55

Total Allocated Bids

$9,000,000,000.00

Average Yield for Successfully Allocated Bids:

0.52%

Average Price for Successful Bids ($):

$100.03

Lowest Submitted Bid Rate (%) / Amount (JMD)

0.40%/ $25,000,000.00

Highest Submitted Bid Rate (%) / Amount (JMD)

3.00%/ $700,000,000.00

Highest Bid Rate for Full Allocation (%) / Amount (JMD)

0.548%/ $100,000,000.00

Bid Rate for Partial Allocation

0.549%

Partial Allocation Percentage

98.14%

The total nominal outstanding amount for the 30-day CDs on the settlement date - 27 November 2020, will be J$24,500,000,000.00

The next auction is scheduled for Wednesday, 02 December 2020

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Bank of Jamaica published this content on 25 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2020 17:36:02 UTC

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