The 14-day BoBC yield fell to 4.58 percent from 4.60 for a paper maturing on May 2, 2013. The results of the auction held on April 16 are summarised below.

DATE: April 16, 2013

Issue BoBC020513
Total Subscribed (P million) 1 996.322
Total Allotment (P million) 1 996.322
Stop-Out Price (P) 99.814
Stop-Out Yield (percent) 4.63
Simple Rate (percent) 4.53
Weighted average yield of winning bids (percent) 4.58
Simple rate for weighted average winning bids (percent) 4.49
Weighted average price of winning bids (P) 99.816
Minimum winning bid yield (percent) 4.28
Maximum bid yield (percent) 4.63
Days to Maturity 15

Note: BOBC 020513 – BIDS AT and  ABOVE P99.814 RECEIVED FULL ALLOTMENT.