The 14-day BoBC yield edged up to 1.26 percent from 1.23 for a paper maturing on May 31, 2017. The results of the auction held on May 16 are summarised below.

DATE: May 16, 2017

ISSUE BoBC310517
TOTAL SUBSCRIBED (P'MILLION) 1 398.530
TOTAL ALLOTMENT (P’ MILLION) 1 373.530
STOP-OUT PRICE (P) 99.949
STOP-OUT YIELD (percent) 1.34
SIMPLE RATE (percent) 1.33
WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) 1.26
SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) 1.25
WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) 99.952
MINIMUM WINNING BID YIELD (percent) 1.15
MAXIMUM BID YIELD (percent) 2.11
DAYS TO MATURITY 14

NOTE: BoBC 310517 – BIDS AT AND ABOVE P99.949 RECEIVED FULL ALLOTMENT.