The 14-day BoBC yield remained at 3.53 percent for a paper maturing on July 24, 2013. The results of the auction held on July 9 are summarised below.

 DATE: July 9, 2013

ISSUE BOBC240713
TOTAL SUBSCRIBED  P2 666.432
TOTAL ALLOTMENT (P’MILLION)  P2 000.000
STOP-OUT PRICE  P99.866
STOP-OUT YIELD  3.56
SIMPLE RATE 3.50
WEIGHTED AVERAGE YIELD OF WINNING BIDS 3.53
SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS 3.47
WEIGHTED AVERAGE PRICE OF WINNING BIDS 99.867
MINIMUM WINNING BID YIELD 3.50
MAXIMUM BID YIELD 4.15
DAYS TO MATURITY 14

NOTE: BOBC 240713 – BIDS ABOVE P99.866 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.866 RECEIVED 27.37 PERCENT OF THE AMOUNT APPLIED FOR.