The 14-day BoBC yield dropped to 4.62 from 4.63 percent for a paper maturing on March 27, 2013. The results of the auction held on March 12 are summarised below.
DATE: March 12, 2013
| Issue | BoBC270313 |
| Total Subscribed (P million) | 1 287.766 |
| Total Allotment (P million) | 1 000.000 |
| Stop-Out Price (P) | 99.826 |
| Stop-Out Yield (percent) | 4.65 |
| Simple Rate (percent) | 4.54 |
| Weighted average yield of winning bids (percent) | 4.62 |
| Simple rate for weighted average winning bids (percent) | 4.52 |
|
Weighted average price of winning bids (P) |
99.827 |
| Minimum winning bid yield (percent) | 4.59 |
| Maximum bid yield (percent) | 4.67 |
| Days to Maturity | 14 |
Note: BOBC 270313 – BIDS ABOVE P99.826 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.826 RECEIVED 0.87 PERCENT OF AMOUNT APPLIED FOR.