The 14-day BoBC yield fell to 4.60 percent from 4.61 for a paper maturing on April 24, 2013. The results of the auction held on April 9 are summarised below.

DATE: April 9, 2013

Issue BoBC240413
Total Subscribed (P million) 1 123.058
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) 4.67
Days to Maturity 14

Note: BOBC 240413 – BIDS ABOVE P99.827 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.827 RECEIVED 54.40 PERCENT OF THE AMOUNT APPLIED FOR.