The 14-day BoBC yield remained at 3.05 percent for a paper maturing on October 15, 2014 while that for a 91-day paper maturing on January 7, 2015 dropped to 3.21 percent from 3.22. The results of the auction held on September 29 are summarised below.

DATE: September 29, 2014

Issue BoBC 151014 BoBC 070115
Total Subscribed (P million) 891.100 1 909.200
Total Allotment (P million) 741.100 1 800.000
Stop-Out Price (P) 99.891 99.159
Stop-Out Yield (percent) 3.11 3.23
Simple Rate (percent) 3.06 3.19
Weighted average yield of winning bids (percent) 3.05 3.21
Simple rate for weighted average winning bids (percent) 3.01 3.17
Weighted average price of winning bids (P) 99.893 99.165
Minimum winning bid yield (percent) 3.02 2.64
Maximum bid yield (percent) 3.55 3.28
Days to Maturity 13 97

Note: 
BoBC 151014 - Bids at and above P99.891 received full allotment.

BoBC 070115 - Bids above P99.159 received full allotment while bids at P99.159 received around 78.20 percent of the amount applied for.