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The 14-day BoBC yield edged up to 0.79 from 0.76 percent for a paper maturing on September 14, 2016 while that for a 91-day paper maturing on November 30, 2016 the yield dropped to 1.03 from 1.04 percent. The results of the auction held on August 30, are summarised below.
DATE: August 30, 2016
Issue
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BoBC140916
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BoBC301116
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Total Subscribed (P million)
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2 260.000
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1 693.000
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Total Allotment (P million)
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2 245.000
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1 000.000
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Stop-Out Price (P)
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99.957
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99.734
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Stop-Out Yield (percent)
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1.13
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1.07
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Simple Rate (percent)
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1.12
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1.07
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Weighted average yield of winning bids (percent)
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0.79
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1.03
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Simple rate for weighted average winning bids (percent)
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0.78
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1.02
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Weighted average price of winning bids (P)
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99.970
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99.746
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Minimum winning bid yield (percent)
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0.73
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0.84
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Maximum bid yield (percent)
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1.23
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1.08
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Days to Maturity
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14
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91
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Note: BoBC 140916 - Bids at and above P99.957 received full allotment.
BoBC 301116 - Bids above P99.734 received full allotment while bids at P99.734 received around 3 percent of the amount applied for.
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