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BoBC Auction Results

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The auction results of the Bank of Botswana Certificates (BoBC) maturing on December 7, 2011 are summarised below.

DATE: November 22, 2011

Issue

BoBC 071211

Total Subscribed (P million)

8 675.730

Total Allotment (P million)

5 700.000

Stop-Out Price (P)

99.885

Stop-Out Yield (percent)

3.05

Simple Rate (percent)

3.00

Weighted average yield of winning bids (percent)

2.40

Simple rate for weighted average winning bids (percent)

2.37

Weighted average price of winning bids (P)

99.909

Minimum winning bid yield (percent)

1.50

Maximum bid yield (percent)

4.59

Days to Maturity

 14

Note: BoBC 071211 – BIDS  ABOVE P99.885 RECEIVED FULL ALLOTMENT WHILE AT P99.885 RECEIVED 82.16 PERECENT OF THE AMOUNT APPLIED FOR.

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