The 14-day BoBC yield dropped to 1.90 percent from 1.92 for a paper maturing on May 27, 2015. The results of the auction held on May 12, are summarised below.

DATE: May 12, 2015

ISSUE BoBC270515
TOTAL SUBSCRIBED 3 678.000
TOTAL ALLOTMENT (P’ MILLION) 1 200.000
STOP-OUT PRICE (P) 99.927
STOP-OUT YIELD (percent) 1.92
SIMPLE RATE (percent) 1.90
WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) 1.90
SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) 1.88
WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) 99.928
MINIMUM WINNING BID YIELD (percent) 1.90
MAXIMUM BID YIELD (percent) 2.03
DAYS TO MATURITY 1

NOTE: BoBC 270515– BIDS ABOVE P99.927 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.927 RECEIVED AROUND 46.88 PERCENT OF THE AMOUNT APPLIED FOR.