The 14-day BoBC yield edged up to 1.05 from 1.02 percent for a paper maturing on February 17, 2016 while that for a 91-day paper maturing on May 4, 2016 edged up to 1.40 from 1.25 percent. The results of the auction held on February 2 are summarised below.
DATE: February 2, 2016
Issue
|
BoBC170216
|
BoBC040516
|
Total Subscribed (P million)
|
995.500
|
2 277.500
|
Total Allotment (P million)
|
995.500
|
2 000.000
|
Stop-Out Price (P)
|
99.953
|
99.627
|
Stop-Out Yield (percent)
|
1.23
|
1.51
|
Simple Rate (percent)
|
1.23
|
1.50
|
Weighted average yield of winning bids (percent)
|
1.05
|
1.40
|
Simple rate for weighted average winning bids (percent)
|
1.04
|
1.40
|
Weighted average price of winning bids (P)
|
99.960
|
99.653
|
Minimum winning bid yield (percent)
|
1.00
|
1.19
|
Maximum bid yield (percent)
|
1.23
|
1.52
|
Days to Maturity
|
14
|
91
|
Note: BoBC 170216 - Bids at and above P99.953 received full allotment.
BoBC 040516 - Bids above P99.627 received full allotment while bids at P99.927 received around 80.63 percent of the amount applied for.
|