Bank of Jamaica 30-day CD Auction Results 6 Jan 2021

06 January 2021

Results for Bank of Jamaica Fixed Rate Certificate of Deposit

BOJ 1.00% FR 30D - CD 20210108

Applications were opened on Wednesday, 06 January 2021 by Bank of Jamaica for the allocation of JMD 10,500,000,000.00 of BOJ 1.00% FR 30D-CD20210108 through a competitive price auction. The issue date for the successful allotments is Friday, 08 January 2021.

The results from the auction are as follows:

Instrument Name: BOJ 1.00% FR 30D - CD 20210108

Total Bids Received	80
Total Value of Bids Received	$19,810,000,000.00
Total Offer Amount	$10,500,000,000.00
Total Successful Bids	57
Total Allocated Bids	$10,500,000,000.00
Average Yield for Successfully Allocated Bids:	0.63%
Average Price for Successful Bids ($):	$100.03
Lowest Submitted Bid Rate (%) / Amount (JMD)	0.4899%/ $35,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)	3.00%/ $100,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)	0.90%/$100,000,000.00
Bid Rate for Partial Allocation	0.95%
Partial Allocation Percentage	45.00%

The total nominal outstanding amount for the 30-day CDs on the settlement date - 08 January 2021, will be J$37,500,000,000.00

The next auction is scheduled for Wednesday, 13 January 2021