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The 14-day BoBC yield remained at 0.79 percent for a paper maturing on June 15, 2016 while that for a 91-day paper maturing on August 31, 2016 the yield dropped to 1.09 from 1.14 percent. The results of the auction held on May 31, are summarised below.
DATE: May 31, 2016
Issue
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BoBC150616
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BoBC310816
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Total Subscribed (P million)
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1 325.000
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2 377.500
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Total Allotment (P million)
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1 320.000
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999.990
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Stop-Out Price (P)
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99.955
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99.721
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Stop-Out Yield (percent)
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1.18
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1.13
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Simple Rate (percent)
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1.17
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1.12
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Weighted average yield of winning bids (percent)
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0.79
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1.09
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Simple rate for weighted average winning bids (percent)
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0.78
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1.09
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Weighted average price of winning bids (P)
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99.970
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99.729
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Minimum winning bid yield (percent)
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0.73
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1.06
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Maximum bid yield (percent)
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1.29
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1.20
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Days to Maturity
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14
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91
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Note: BoBC 150616 - Bids at and above P99.955 received full allotment.
BoBC 310816 - Bids above P99.721 received full allotment while bids at P99.721 received around 5.83 percent of the amount applied for.
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