The auction results of the Bank of Botswana Certificates (BoBC) maturing on March 14, 2012 are summarised below.

DATE: February 28, 2012

Issue BoBC140312
Total Subscribed (P million) 5 191.260
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) 4.46
Simple rate for weighted average winning bids (percent) 4.36
Weighted average price of winning bids (P) 99.833
Minimum winning bid yield (percent) 4.37
Maximum bid yield (percent) 4.59
Days to Maturity 14

Note: BoBC 140312 – BIDS  ABOVE P99.832 RECEIVED FULL ALLOTMENT WHILE BIDS AT 
P99.832 RECEIVED 43.22 PERCENT OF AMOUNT APPLIED FOR.