The 14-day BoBC yield remained at 3.54 percent for a paper maturing on August 6, 2013 while that for 91-day maturing on November 6, 2013 edged up to 4.18 from 4.05 percent.  The results of the auction held on August 6 are summarised below.

DATE: August 6, 2013

Issue BoBC210813 BoBC 061113
Total Subscribed (P million) 1 428.091 2 108.161
Total Allotment (P million) 1 428.091 1 400.000
Stop-Out Price (P) 99.866 98.960
Stop-Out Yield (percent) 3.56 4.28
Simple Rate (percent) 3.50 4.22
Weighted average yield of winning bids (percent) 3.54 4.18
Simple rate for weighted average winning bids (percent) 3.47 4.12
Weighted average price of winning bids (P) 99.867 98.984
Minimum winning bid yield (percent) 3.50 4.11
Maximum bid yield (percent) 3.56 4.31
Days to Maturity     14 91

Note: 
BoBC  210813 - Bids  above P99.866 received full allotment.

BoBC  061113 - Bids above P98.960 received full allotment while bids at P98.960 received 94.10 percent of the amount applied for.