The 14-day BoBC yield remained at 1.42 percent for a paper maturing on September 13, 2017. For a 91-day paper maturing on November 29, 2017, the yield edged up to 1.40 percent from 1.37 percent. The results of the auction held on August 29, 2017 are summarised below.

DATE: August 29, 2017

Issue BoBC130917 BoBC291117
Total Subscribed (P million) 1 977.000 1 489.000
Total Allotment (P million) 1 977.000 1 300.000
Stop-Out Price (P) 99.945 99.639
Stop-Out Yield (percent) 1.45 1.46
Simple Rate (percent) 1.43 1.45
Weighted average yield of winning bids (percent) 1.42 1.40
Simple rate for weighted average winning bids (percent) 1.41 1.39
Weighted average price of winning bids (P) 99.946 99.654
Minimum winning bid yield (percent) 1.21 1.31
Maximum bid yield (percent) 1.45 1.46
Days to Maturity 14 91

Note: 
BoBC130917 - Bids at and above P99.945 received full allotment.
BoBC291117 - Bids above P99.639 received full allotment, while bids at P99.639 received around 5.5 percent of the amount applied for.