The auction results of the Bank of Botswana Certificate (BoBC) maturing on October 10, 2012 are summarised below.

DATE: September 25, 2012

Issue BoBC101012
Total Subscribed (P million) 3 339.137
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) 4.67
Simple rate for weighted average winning bids (percent) 4.57
Weighted average price of winning bids (P) 99.825
Minimum winning bid yield (percent) 4.65
Maximum bid yield (percent) 4.70
Days to Maturity 14

Note: BoBC 101012 – BIDS ABOVE P99.824 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.824 RECEIVED 7.22 PERCENT OF THE AMOUNT APPLIED FOR.