The 14-day BoBC yield dropped to 3.01 percent from 3.12 for a paper maturing on December 27, 2013. The results of the auction held on December, are summarised below.

DATE: December 10, 2013

ISSUE BOBC271213
TOTAL SUBSCRIBED 1 752.722
TOTAL ALLOTMENT (P’ MILLION) 1 752.722
STOP-OUT PRICE (P) 99.864
STOP-OUT YIELD (percent) 3.15
SIMPLE RATE (percent) 3.11
WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) 3.01
SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) 2.97
WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) 99.870
MINIMUM WINNING BID YIELD (percent) 2.52
MAXIMUM BID YIELD (percent) 3.15
DAYS TO MATURITY 16

NOTE: BoBC 271213 – BIDS AT AND  ABOVE P99.864 RECEIVED FULL ALLOTMENT.