The auction results of the Bank of Botswana Certificates (BoBC) maturing on February 1, 2012 are summarised below.

DATE: January 17, 2012

Issue BoBC0102112
Total Subscribed (P million) 4 886.703
Total Allotment (P million) 3 000.000
Stop-Out Price (P) 99.830
Stop-Out Yield (percent) 4.54
Simple Rate (percent) 4.44
Weighted average yield of winning bids (percent) 4.50
Simple rate for weighted average winning bids (percent) 4.41
Weighted average price of winning bids (P) 99.831
Minimum winning bid yield (percent) 4.07
Maximum bid yield (percent) 5.11
Days to Maturity 14

Note: BoBC 010212 – BIDS  ABOVE P99.830 RECEIVED FULL ALLOTMENT WHILE AT P99.830 RECEIVED 50.13 PERCENT OF AMOUNT APPLIED FOR.