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The 14-day BoBC yield dropped to 0.86 from 0.89 percent for a paper maturing on May 18, 2016 while that for a 91-day paper maturing on August 3, 2016 the yield dropped to 1.14 from 1.25 percent. The results of the auction held on May 3, are summarised below.
DATE: May 3, 2016
Issue
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BoBC180516
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BoBC030816
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Total Subscribed (P million)
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2 496.000
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3 134.000
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Total Allotment (P million)
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2 496.000
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1 499.990
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Stop-Out Price (P)
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99.955
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99.702
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Stop-Out Yield (percent)
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1.18
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1.20
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Simple Rate (percent)
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1.17
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1.20
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Weighted average yield of winning bids (percent)
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0.86
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1.14
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Simple rate for weighted average winning bids (percent)
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0.86
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1.13
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Weighted average price of winning bids (P)
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99.967
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99.719
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Minimum winning bid yield (percent)
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0.81
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1.05
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Maximum bid yield (percent)
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1.18
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1.28
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Days to Maturity
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14
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91
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Note: BoBC 180516 - Bids at and above P99.955 received full allotment.
BoBC 030816 - Bids above P99.702 received full allotment while bids at P99.702 received around 43.93 percent of the amount applied for.
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