The auction results of the Bank of Botswana Certificate (BoBC) maturing on June 27, 2012 are summarised below.

DATE: June 12, 2012

Issue BoBC270612
Total Subscribed (P million) 2 560.652
Total Allotment (P million) 2 100.000
Stop-Out Price (P) 99.827
Stop-Out Yield (percent) 4.62
Simple Rate (percent) 4.52
Weighted average yield of winning bids (percent) 4.49
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) 4.70
Days to Maturity 14

Note: BoBC 270612 – BIDS  ABOVE P99.827 RECEIVED FULL ALLOTMENT WHILE BIDS AT 
P99.827 RECEIVED 15.42 PERCENT OF AMOUNT APPLIED FOR.