The 14-day BoBC yield remained at 3.15 percent for a paper maturing on October 16, 2013 while that for 93-day maturing on January 3, 2014 dropped to 3.65 from 3.69 percent.  The results of the auction held on September 27 are summarised below.

DATE: September 27, 2013

Issue BoBC161013 BoBC 030114
Total Subscribed (P million) 1 063.735 2 472.126
Total Allotment (P million) 1 063.735 1 400.000
Stop-Out Price (P) 99.880 99.079
Stop-Out Yield (percent) 3.18 3.70
Simple Rate (percent) 3.13 3.65
Weighted average yield of winning bids (percent) 3.15 3.65
Simple rate for weighted average winning bids (percent) 3.11 3.60
Weighted average price of winning bids (P) 99.881 99.091
Minimum winning bid yield (percent) 3.07 3.51
Maximum bid yield (percent) 3.18 3.75
Days to Maturity    14 93

Note: 
BoBC  161013 - Bids at and above P99.880 received full allotment.

BoBC  030114 - Bids above P99.079 received full allotment while bids at P99.079 received 10.95 percent of the amount applied for.