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    Full endorsement on this opportunity - but it's limited, so get in while you can!

On 3 Feb 2015 CBI sold 200 Billion IQD to 4 Banks


ronscarpa
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Could these have been LD's in preparation for their Monetary Reform Rollout...?  :confused2: 

I'm not sure it this was posted...I couldn't find it if it was.....RON

  CBI Announcement Number (C129 ) 03-02-2015

The auction No. C129 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 03-02-2015.

The total public bidding is IQD 247,760,000,000.000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 5.00%.

 

DETAILS (AMOUNT IN IRAQI DINARS) NOTES

Securities Offered ..................................................Discount

Total Offering .........................................................200,000,000,000.000

Total Public Bidding ................................................247,760,000,000.000

Pricing ....................................................................Multiple

Term of Security (days) ..........................................91

Settlement Date ......................................................04-02-2015

Maturity Date ..........................................................06-05-2015

Competitive Bidders ................................................4

Winning Bidder ........................................................4

Total Valid Competitive Bids ...................................247,760,000,000.000

Total competitive Bids Awarded ..............................200,060,000,000.000

Range of Yields for Valid Competitive Bids .............[4.80%-5.00%]

Cutoff Yield (%) .......................................................5.00

Average Competitive Yield ......................................4.99

Bids Received as % of Amount Offered ..................123.88

 

Interesting...????

Edited by ronscarpa
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