The auction results of the Bank of Botswana Certificates (BoBC) maturing on January 20, 2010 and April 7, 2010 are summarised below.
Issue | BoBC 200110 | BoBC 070410 |
Total Subscribed (P million) |
4 423.344 |
3 125.702 |
Total Allotment (P million) | 4 000.000 | 3 086.480 |
Stop-Out Price (P) | 99.737 | 98.280 |
Stop-Out Yield (percent) | 7.11 | 7.21 |
Simple Rate (percent) | 6.87 | 7.02 |
Weighted average yield of winning bids (percent) | 7.10 | 7.14 |
Simple rate for weighted average winning bids (percent) | 6.87 | 6.96 |
Weighted average price of winning bids (P) | 99.737 | 98.295 |
Minimum winning bid yield (percent) | 7.08 | 7.12 |
Maximum bid yield (percent) |
7.14 |
8.20 |
Days to Maturity | 14 | 91 |
Note:
BoBC200110 - Bids above P99.737 received full allotment while bids at P99.737 received 92.86 percent of the amount applied for.
BoBC070410 - Bids at and above P98.280 received full allotment.