The auction results of the Bank of Botswana Certificates (BoBC) maturing on July 8, 2009 are summarised below.

Issue BoBC 080709
Total Subscribed (P million) 4 615.550
Total Allotment (P million) 4 500.000
Stop-Out Price (P) 99.623
Stop-Out Yield (percent) 10.35
Simple Rate (percent) 9.87
Weighted average yield of winning bids (percent) 10.34
Simple rate for weighted average winning bids (percent) 9.87
Weighted average price of winning bids (P) 99.623
Minimum winning bid yield (percent) 10.32
Maximum bid yield (percent) 10.35
Days to Maturity 14

Note: BOBC 080709 - BIDS ABOVE P99.623 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.623 RECEIVED 96.18 PERCENT OF THE AMOUNT APPLIED FOR.