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BoBC Auction Results

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The auction results of the Bank of Botswana Certificates (BoBC) maturing on April 7, 2010 are summarised below.

Issue

BoBC 070410

Total Subscribed (P million)

4 782.395

Total Allotment (P million)

4 700.000

Stop-Out Price (P)

99.737

Stop-Out Yield (percent)

7.11

Simple Rate (percent)

6.87

Weighted average yield of winning bids (percent)

7.10

Simple rate for weighted average winning bids (percent)

6.87

Weighted average price of winning bids (P)

99.737

Minimum winning bid yield (percent)

7.08

Maximum bid yield (percent)

7.11

Days to Maturity

14

Note: BOBC 070410 – BIDS ABOVE P99.737 RECEIVED FULL ALLOTMENT WHILE BIDS AT 99.737 RECEIVED 98.04 PERCENT OF THE AMOUNT APPLIED FOR.

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