The auction results of the Bank of Botswana Certificate (BoBC) maturing on September 26, 2012 are summarised below.

DATE: September 11, 2012

Issue BoBC0260912
Total Subscribed (P million) 2 630.375
Total Allotment (P million) 2 200.000
Stop-Out Price (P) 99.824
Stop-Out Yield (percent) 4.70
Simple Rate (percent) 4.60
Weighted average yield of winning bids (percent) 4.68
Simple rate for weighted average winning bids (percent) 4.57
Weighted average price of winning bids (P) 99.825
Minimum winning bid yield (percent) 4.62
Maximum bid yield (percent) 4.75
Days to Maturity 14