CBI Securities Auctions - Announcement Number (C149 ) 10 November 2015

[ronscarpa]

CBI Securities Auctions - Announcement Number (C149 ) 10 Nov. 2015

 

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 (C149 )10-11-2015

The auction No. C149 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 10/11/2015 and posted 16/11/2015.

The total public bidding is IQD 130,250,000,000.000 and the cut-off yield (the highest yield of the successful bidder) determined by the auction was 4.20%.


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

Securities Offered                                         Discount
Total Offering                                              200,000,000,000.000
Total Public Bidding                                      130,250,000,000.000
Pricing                                                        Multiple
Term of Security (days)                                 91
Settlement Date                                          11-11-2015
Maturity Date                                              10-02-2016
Competitive Bidders                                     5
Winning Bidder                                            5
Total Valid Competitive Bids                         130,250,000,000.000
Total competitive Bids Awarded                     130,250,000,000.000
Range of Yields for Valid Competitive Bids      [4.00%-4.20%]
Cutoff Yield (%)                                          4.20
Average Competitive Yield                            4.18
Bids Received as % of Amount Offered           65.13

 

[sandfly]

THANKS

[ronscarpa]

I find it shocking that although the Auction was for 200 Billion IQD they only sold  130.25 Billion IQD...a very interesting turn of events..!