The 14-day BoBC yield dropped to 2.06 percent from 3.07 for a paper maturing on March 11, 2015. The results of the auction held on February 24, are summarised below.

DATE: February 24, 2015

ISSUE BoBC110315
TOTAL SUBSCRIBED 833.00
TOTAL ALLOTMENT (P’ MILLION) 780.00
STOP-OUT PRICE (P) 99.921
STOP-OUT YIELD (percent) 2.08
SIMPLE RATE (percent) 2.06
WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) 2.06
SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) 2.04
WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) 99.922
MINIMUM WINNING BID YIELD (percent) 2.00
MAXIMUM BID YIELD (percent) 3.18
DAYS TO MATURITY 14

NOTE: BoBC 110315– BIDS AT AND ABOVE P99.921 RECEIVED FULL ALLOTMENT.