The 14-day BoBC yield edged up to 3.11 percent from 3.06 for a paper maturing on January 15, 2014 while that for a 91-day paper maturing on April 2, 2014 dropped to 3.52 from 3.58 percent.  The results of the auction held on December 31 are summarised below.

DATE: December 31, 2013

Issue

BoB150114

BoBC 020414

Total Subscribed (P million)

544.451

1 508.130

Total Allotment (P million)

544.451

1 000.000

Stop-Out Price (P)

99.898

99.152

Stop-Out Yield (percent)

3.15

3.55

Simple Rate (percent)

3.11

3.51

Weighted average yield of winning bids (percent)

3.11

3.52

Simple rate for weighted average winning bids (percent)

3.08

3.47

Weighted average price of winning bids (P)

99.899

99.160

Minimum winning bid yield (percent)

3.09

3.28

Maximum bid yield (percent)

3.15

3.63

Days to Maturity      

12

89

Note: 
BoBC 150114 - Bids at and above P99.898 received full allotment.

BoBC  020414 - Bids above P99.152 received full allotment while bids at P99.152 received 31.24 percent of the amount applied for.

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