The 14-day BoBC yield dropped from 1.29 percent to 1.23 percent for a paper maturing on September 9, 2015. The results of the auction held on August 25 are summarised below.

DATE: August 25, 2015

ISSUE BoBC090915
TOTAL SUBSCRIBED 5 020.000
TOTAL ALLOTMENT (P’ MILLION) 2 200.010
STOP-OUT PRICE (P) 99.952
STOP-OUT YIELD (percent) 1.26
SIMPLE RATE (percent) 1.25
WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) 1.23
SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) 1.23
WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) 99.953
MINIMUM WINNING BID YIELD (percent) 1.21
MAXIMUM BID YIELD (percent) 1.55
DAYS TO MATURITY 14

NOTE: BoBC 090915– BIDS ABOVE P99.952 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.952 RECEIVED AROUND 33.20 PERCENT OF THE AMOUNT APPLIED FOR.