The auction results of the Bank of Botswana Certificates (BoBC) maturing on December 14, 2011 are summarised below.

DATE: November 29, 2011

Issue BoBC 141211
Total Subscribed (P million) 5 623.156
Total Allotment (P million) 1 600.000
Stop-Out Price (P) 99.890
Stop-Out Yield (percent) 2.91
Simple Rate (percent) 2.87
Weighted average yield of winning bids (percent) 2.69
Simple rate for weighted average winning bids (percent) 2.66
Weighted average price of winning bids (P) 99.898
Minimum winning bid yield (percent) 1.76
Maximum bid yield (percent) 5.11
Days to Maturity 14

Note: BoBC 141211 – BIDS  ABOVE P99.890 RECEIVED FULL ALLOTMENT WHILE AT P99.890 RECEIVED 1.15 PERECENT OF THE AMOUNT APPLIED FOR.