The 14-day BoBC yield edged to 4.07 percent from 4.06 for a paper maturing on June 12, 2013. The results of the auction held on May 28 are summarised below.

DATE: May 28, 2013

Issue BoBC120613
Total Subscribed (P million) 2 665.917
Total Allotment (P million) 2 000.000
Stop-Out Price (P) 99.847
Stop-Out Yield (percent) 4.07
Simple Rate (percent) 4.00
Weighted average yield of winning bids (percent) 4.07
Simple rate for weighted average winning bids (percent) 4.00
Weighted average price of winning bids (P) 99.847
Minimum winning bid yield (percent) 4.02
Maximum bid yield (percent) 4.13
Days to Maturity 14

Note: BoBC 120613 – BIDS ABOVE P99.847 RECEIVED FULL ALLOTMENT WHILE BIDS AT 99.847 RECEIVED 75.03 PERCENT OF THE AMOUNT APPLIED FOR.