The 14-day BoBC yield remained at 3.07 percent for a paper maturing on August 20, 2014 while that for a 91-day paper maturing on November 5, 2014 dropped to 3.21 percent from 3.23. The results of the auction held on August 5 are summarised below.

DATE: August 5, 2014

Issue BoBC 200814 BoBC 051114
Total Subscribed (P million) 1 131.400 1 714.500
Total Allotment (P million) 1 131.400 1 400.000
Stop-Out Price (P) 99.882 99.208
Stop-Out Yield (percent) 3.13 3.24
Simple Rate (percent) 3.08 3.20
Weighted average yield of winning bids (percent) 3.07 3.21
Simple rate for weighted average winning bids (percent) 3.03 3.17
Weighted average price of winning bids (P) 99.884 99.216
Minimum winning bid yield (percent) 3.07 3.19
Maximum bid yield (percent) 3.13 3.27
Days to Maturity 14 91

Note: 
BoBC 200814 - Bids above P99.882 received full allotment.

BoBC 051114 - Bids above P99.208 received full allotment while bids at P99.208 received around 83.93 percent of the amount applied for.