The 14-day BoBC yield remained at 4.61 percent for paper maturing on April 17, 2013 while that for 91-day maturing on July 3, 2013 fell to 5.36 from 5.37 percent.  The results of the auction held on April 2 are summarised below.

DATE: April 2, 2013

Issue BoBC170413 BoBC 030713
Total Subscribed (P million) 2 126.322 2 398.555
Total Allotment (P million) 2 100.000 2 000.000
Stop-Out Price (P) 99.826 98.705
Stop-Out Yield (percent) 4.65 5.37
Simple Rate (percent) 4.54 5.26
Weighted average yield of winning bids (percent) 4.61 5.36
Simple rate for weighted average winning bids (percent) 4.52 5.25
Weighted average price of winning bids (P) 99.827 98.707
Minimum winning bid yield (percent) 4.56 5.35
Maximum bid yield (percent) 4.65 5.38
Days to Maturity      14 91

Note: 
BoBC  170413 - Bids  above P99.826 received full allotment while bids at P99.826 received  91.21 percent of the amount applied for.

BoBC  030713 - Bids above P98.705 received full allotment while bids at P98.705 received 92.07 percent of the amount applied for.