The auction results of the Bank of Botswana Certificates (BoBC) maturing on March 16, 2011 and June 1, 2011 are summarised below.

DATE: ,March 1, 2011

Issue BoBC 160311 BoBC 010611
Total Subscribed (P million) 3 930.411 885.689
Total Allotment (P million) 3 500.00 885.689
Stop-Out Price (P) 99.756 98.405
Stop-Out Yield (percent) 6.58 6.66
Simple Rate (percent) 6.38 6.50
Weighted average yield of winning bids (percent) 6.56 6.64
Simple rate for weighted average winning bids (percent) 6.35 6.48
Weighted average price of winning bids (P) 99.757 98.410
Minimum winning bid yield (percent) 6.52 6.61
Maximum bid yield (percent) 6.58 6.66
Days to Maturity    14 91

Note: 
BoBC 160311 - Bids  above P99.756 received full allotment while bids at 99.756 received 75.34 percent of the amount applied for .
 
BoBC  010611 - Bids at and above P98.405 received full allotment