CBI Securities Auctions - Announcement Number (C146 ) 29-Sep-2015

[ronscarpa]

This CBI Securities Auction was conducted on 9/29 and the settlement date was 9/30. However, it wasn't posted on the CBI website until today - Sunday, 10/04/2015....RON   

 

 

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 (C146 ) - 29/9/2015 .... (Posted on website 10/04/2015)

The Auction No. C146 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 29-9-2015.

The total public bidding is IQD 326,610,000,000.000 and the cut-off yield (the highest yield of the successful bidder) determined by the auction was 4.40%.

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

Securities Offered                                         Discount
Total Offering                                              200,000,000,000.000
Total Public Bidding                                      326,610,000,000.000
Pricing                                                        Multiple
Term of Security (days)                                 91
Settlement Date                                          30-09-2015
Maturity Date                                              30-12-2015
Competitive Bidders                                      6
Winning Bidder                                             6
Total Valid Competitive Bids                          326,610,000,000.000
Total competitive Bids Awarded                      200,040,000,000.000
Range of Yields for Valid Competitive Bids       [4.20%-4.50%]
Cutoff Yield (%)                                           4.40
Average Competitive Yield                             4.34
Bids Received as % of Amount Offered            163.30

[sandfly]

THANKS