The 14-day BoBC yield dropped to 4.61 from 4.62 percent for a paper maturing on April 10, 2013. The results of the auction held on March 26 are summarised below.
DATE: March 26, 2013
|
Issue |
BoBC100413 |
| Total Subscribed (P million) | 1 692.063 |
| Total Allotment (P million) | 900.000 |
| Stop-Out Price (P) | 99.827 |
| Stop-Out Yield (percent) | 4.62 |
| Simple Rate (percent) | 4.52 |
| Weighted average yield of winning bids (percent) | 4.61 |
| Simple rate for weighted average winning bids (percent) | 4.52 |
| Weighted average price of winning bids (P) | 99.827 |
| Minimum winning bid yield (percent) | 4.59 |
| Maximum bid yield (percent) | 4.65 |
| Days to Maturity | 14 |
Note: BOBC 100413 – BIDS ABOVE P99.827 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.827 RECEIVED 87.62 PERCENT OF AMOUNT APPLIED FOR.