CBI Securities Auctions - Announcement Number (C143 ) 18-AUG-2015

[ronscarpa]

Sorry I missed posting this Securities Auction earlier...The last one  (C-142) was on 4 Aug 2015...!

Posted today for the Record...  


CBI Auctions

The Central Bank of Iraq issues CBI bills and has adopted a mechanism that will be applied periodically. The results will be announced at 11 am after the closing time of the auction which is at 10 am.

Announcement Number (C143 )18-08-2015

The auction No. C143 for Central Bank of Iraq bills based on a uniform price auction for IQD 200,000,000,000.000 par value for the bills  concluded on 18-08-2015. Settlement 19-08-2015.

The total public bidding is IQD 282,770,000,000.000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 4.60%.


DETAILS (AMOUNT IN IRAQI DINARS) ---------------------- NOTES

Securities Offered                                                         Discount
Total Offering                                                              200,000,000,000.000
Total Public Bidding                                                      282,770,000,000.000
Pricing                                                                        Multiple
Term of Security (days)                                                 91
Settlement Date                                                          19-08-2015
Maturity Date                                                              18-11-2015
Competitive Bidders                                                     7
Winning Bidder                                                            6
Total Valid Competitive Bids                                          282,770,000,000.000
Total competitive Bids Awarded                                      200,040,000,000.000
Range of Yields for Valid Competitive Bids                       [4.20%-4.80%]
Cutoff Yield (%)                                                           4.60
Average Competitive Yield                                             4.55
Bids Received as % of Amount Offered                            141.39

We might look for another such Auction on September 1st...! 

[Wiljor]

Thanks Ron, much abliged sir. Thats a lot of numbers, we patiently wait.....

[sandfly]

THANKS