The 14-day BoBC yield dropped to 3.13 percent from 3.15 for a paper maturing on December 4, 2013. The results of the auction held on November 19, are summarised below.

DATE: November 19, 2013

ISSUE BOBC041213
TOTAL SUBSCRIBED 1 563.144
TOTAL ALLOTMENT (P’ MILLION) 1 000.000
STOP-OUT PRICE (P) 99.881
STOP-OUT YIELD (percent) 3.15
SIMPLE RATE (percent) 3.11
WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) 3.13
SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) 3.08
WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) 99.882
MINIMUM WINNING BID YIELD (percent) 3.10
MAXIMUM BID YIELD (percent) 3.18
DAYS TO MATURITY 14

NOTE: BoBC 041213 – BIDS  ABOVE P99.881 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.881 RECEIVED 50.69 PERCENT OF THE AMOUNT APPLIED FOR.