The auction results of the Bank of Botswana Certificates (BoBC) maturing on January 27, 2010 are summarised below.

Issue BoBC 270110
Total Subscribed (P million) 4 433.315
Total Allotment (P million) 4 300.000
Stop-Out Price (P) 99.737
Stop-Out Yield (percent) 7.11
Simple Rate (percent) 6.87
Weighted average yield of winning bids (percent) 7.10
Simple rate for weighted average winning bids (percent) 6.87
Weighted average price of winning bids (P) 99.737
Minimum winning bid yield (percent) 7.08
Maximum bid yield (percent) 7.11
Days to Maturity 14

Note:

BoBC270110 - Bids above P99.737 received full allotment while bids at P99.737 received 96.56 percent of the amount applied for