The 14-day BoBC yield dropped from 1.23 percent to 1.21 percent for a paper maturing on September 23, 2015. The results of the auction held on September 8 are summarised below.

DATE: September 8, 2015

ISSUE BoBC230915
TOTAL SUBSCRIBED (P'MILLION) 4 600.000
TOTAL ALLOTMENT (P’ MILLION) 2 199.990
STOP-OUT PRICE (P) 99.954
STOP-OUT YIELD (percent) 1.21
SIMPLE RATE (percent) 1.20
WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) 1.21
SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) 1.20
WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) 99.954
MINIMUM WINNING BID YIELD (percent) 1.18
MAXIMUM BID YIELD (percent) 1.52
DAYS TO MATURITY 14

NOTE: BoBC 230915– BIDS ABOVE P99.954 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.954 RECEIVED AROUND 80.29 PERCENT OF THE AMOUNT APPLIED FOR.