The auction results of the Bank of Botswana Certificates (BoBC) maturing on June 6, 2012 are summarised below.

DATE: May 22, 2012

Issue BoBC060612
Total Subscribed (P million) 2 615.566
Total Allotment (P million) 1 800.000
Stop-Out Price (P) 99.828
Stop-Out Yield (percent) 4.59
Simple Rate (percent) 4.49
Weighted average yield of winning bids (percent) 4.47
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) 4.67
Days to Maturity 14

Note: BoBC 060612 – BIDS  ABOVE P99.828 RECEIVED FULL ALLOTMENT WHILE BIDS AT 
P99.828 RECEIVED 39.35 PERCENT OF AMOUNT APPLIED FOR.