The auction results of the Bank of Botswana Certificates (BoBC) maturing on February 29, 2012 are summarised below.

DATE: February 14, 2012

Issue BoBC290212
Total Subscribed (P million) 5 695.356
Total Allotment (P million) 3 000.000
Stop-Out Price (P) 99.832
Stop-Out Yield (percent) 4.48
Simple Rate (percent) 4.39
Weighted average yield of winning bids (percent) 4.47
Simple rate for weighted average winning bids (percent) 4.39
Weighted average price of winning bids (P) 99.832
Minimum winning bid yield (percent) 4.40
Maximum bid yield (percent) 4.59
Days to Maturity 14

Note: BoBC 290212 – BIDS  ABOVE P99.832 RECEIVED FULL ALLOTMENT WHILE AT 
P99.832 RECEIVED 88.57 PERCENT OF AMOUNT APPLIED FOR.