The 14-day BoBC yield was unchanged at 2.03 percent for a paper maturing on April 22, 2015 while that for a 91-day paper maturing on July 8, 2015 dropped to 2.18 percent from 2.20. The results of the auction held on April 7 are summarised below.

DATE: April 7, 2015

Issue BoBC 220415 BoBC 080715
Total Subscribed (P million) 4 400.000 1 350.000
Total Allotment (P million) 2 400.000 1 000.000
Stop-Out Price (P) 99.923 99.459
Stop-Out Yield (percent) 2.03 2.20
Simple Rate (percent) 2.01 2.18
Weighted average yield of winning bids (percent) 2.03 2.18
Simple rate for weighted average winning bids (percent) 2.01 2.16
Weighted average price of winning bids (P) 99.923 99.464
Minimum winning bid yield (percent) 2.00 2.10
Maximum bid yield (percent) 2.03 2.20
Days to Maturity 14 91

Note: 
BoBC 220415 - Bids above P99.923 received full allotment while bids at P99.923 received around 52.66 percent of the amount applied for.

BoBC 080715 - Bids above P99.459 received full allotment while bids at P99.459 received around 46.97 percent of the amount applied for.