The 14-day BoBC yield edged up to 4.60 percent from 4.58 for a paper maturing on May 8, 2013. The results of the auction held on April 23 are summarised below.

DATE: April 23, 2013

Issue BoBC080513
Total Subscribed (P million) 2 096.371
Total Allotment (P million) 800.000
Stop-Out Price (P) 99.827
Stop-Out Yield (percent) 4.62
Simple Rate (percent) 4.52
Weighted average yield of winning bids (percent) 4.60
Simple rate for weighted average winning bids (percent) 4.49
Weighted average price of winning bids (P) 99.828
Minimum winning bid yield (percent) 4.59
Maximum bid yield (percent) 4.65
Days to Maturity 14

Note: BOBC 080513 – BIDS ABOVE P99.827 RECEIVED FULL ALLOTMENT WHILE BIDS AT 99.827 RECEIVED 13.93 PERCENT OF THE AMOUNT APPLIED FOR.