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The 14-day BoBC yield edged up to 1.02 from 0.97 percent for a paper maturing on January 20, 2016 while that for a 91-day paper maturing on April 6, 2016 edged up to 1.25 percent from 1.17. The results of the auction held on January 5 are summarised below.
DATE: January 5,2016
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Issue
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BoBC200116
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BoBC060416
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Total Subscribed (P million)
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1 606.000
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1 220.500
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Total Allotment (P million)
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1 000.010
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1 220.500
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Stop-Out Price (P)
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99.957
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99.616
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Stop-Out Yield (percent)
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1.13
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1.56
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Simple Rate (percent)
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1.12
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1.55
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Weighted average yield of winning bids (percent)
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1.02
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1.25
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Simple rate for weighted average winning bids (percent)
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1.02
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1.25
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Weighted average price of winning bids (P)
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99.961
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99.690
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Minimum winning bid yield (percent)
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0.94
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0.81
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Maximum bid yield (percent)
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1.52
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1.56
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Days to Maturity
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14
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91
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Note: BoBC 200116 - Bids above P99.957 received full allotment while bids at P99.957 received around 49.84 percent of the amount applied for.
BoBC 060416 - Bids at and above P99.616 received full allotment.
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