The auction results of the Bank of Botswana Certificates (BoBC) maturing on May 16, 2012 are summarised below.

DATE: April 30, 2012

Issue BoBC160512
Total Subscribed (P million) 4 472.443
Total Allotment (P million) 1 700.000
Stop-Out Price (P) 99.834
Stop-Out Yield (percent) 4.43
Simple Rate (percent) 4.34
Weighted average yield of winning bids (percent) 4.41
Simple rate for weighted average winning bids (percent) 4.31
Weighted average price of winning bids (P) 99.835
Minimum winning bid yield (percent) 4.40
Maximum bid yield (percent) 4.67
Days to Maturity 14

Note: BoBC 160512 – BIDS  ABOVE P99.834 RECEIVED FULL ALLOTMENT WHILE BIDS AT 
P99.834 RECEIVED 87.45 PERCENT OF AMOUNT APPLIED FOR.