The 14-day BoBC yield dropped to 0.92 from 0.97 percent for a paper maturing on April 27, 2016. The results of the auction held on April 12 are summarised below.
DATE: April 12, 2016
| ISSUE | BoBC270416 |
| TOTAL SUBSCRIBED (P'MILLION) | 2 260.000 |
| TOTAL ALLOTMENT (P’ MILLION) | 1 000.000 |
| STOP-OUT PRICE (P) | 99.963 |
| STOP-OUT YIELD (percent) | 0.97 |
| SIMPLE RATE (percent) | 0.96 |
| WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) | 0.92 |
| SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) | 0.91 |
| WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) | 99.965 |
| MINIMUM WINNING BID YIELD (percent) | 0.89 |
| MAXIMUM BID YIELD (percent) | 1.21 |
| DAYS TO MATURITY | 14 |
NOTE: BoBC 270416– BIDS ABOVE P99.963 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.963 RECEIVED AROUND 20 PERCENT OF THE AMOUNT APPLIED FOR.