The 14-day BoBC yield dropped to 3.16 from 3.17 percent for a paper maturing on October 2, 2013. The results of the auction held on September 17, are summarised below.

DATE: September 17, 2013

ISSUE BOBC021013
TOTAL SUBSCRIBED 1 378.352
TOTAL ALLOTMENT (P’MILLION) 1 378.352
STOP-OUT PRICE (P) 99.879
STOP-OUT YIELD (percent) 3.21
SIMPLE RATE (percent) 3.16
WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) 3.16
SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) 3.11
WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) 99.881
MINIMUM WINNING BID YIELD (percent) 3.10
MAXIMUM BID YIELD (percent) 3.21
DAYS TO MATURITY 14

NOTE: BOBC 021013 – BIDS AT AND ABOVE P99.879 RECEIVED FULL ALLOTMENT.