News Release

25 Jan 21

Auction Results for Bank of Jamaica 14-day Repurchase Operation

Applications were opened on Monday, 25 January 2021 by Bank of Jamaica, for the provision of Jamaica Dollar liquidity, in the amount of JMD 10 500 000 000.00 through repurchases to deposit-taking financial institutions for settlement on Tuesday, 26 January 2021. These repurchases will mature on Tuesday, 09 February 2021.

The results are as follows:

Auction Number : BOJ/R-14/20210125/276

Total Eligible Bids Received

5

Total Value of Eligible Bids Received

$10,200,000,000.00

Total Allocated Bids

$10,200,000,000.00

Weighted Average Interest Rate:

1.27%

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

1.30% / $3 200 000 000.00

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

1.25% / $7 000 000 000.00

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

1.30% / $3 200 000 000.00

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

1.25% / $7 000 000 000.00

Bid Rate for Partial Allocation

N/A

Partial Allocation Percentage

N/A

The next auction for 14-day repurchases is scheduled for 01 February 2021.

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

Bank of Jamaica published this content on 25 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2021 18:27:06 UTC