The 14-day BoBC yield dropped to 0.81 from 0.86 percent for a paper maturing on June 1, 2016. The results of the auction held on May 17 are summarised below.
DATE: May 17, 2016
| ISSUE | BoBC010616 |
| TOTAL SUBSCRIBED (P'MILLION) | 3 915.000 |
| TOTAL ALLOTMENT (P’ MILLION) | 2 500.000 |
| STOP-OUT PRICE (P) | 99.967 |
| STOP-OUT YIELD (percent) | 0.86 |
| SIMPLE RATE (percent) | 0.86 |
| WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) | 0.81 |
| SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) | 0.81 |
| WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) | 99.969 |
| MINIMUM WINNING BID YIELD (percent) | 0.76 |
| MAXIMUM BID YIELD (percent) | 1.18 |
| DAYS TO MATURITY | 14 |
NOTE: BoBC 010616– BIDS ABOVE P99.967 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.967 RECEIVED AROUND 6.21 PERCENT OF THE AMOUNT APPLIED FOR.