CBI Securities Auctions - Announcement Number (C151 ) 8 December 2015

[ronscarpa]

CBI Securities Auctions - Announcement Number (C151 ) 8 December 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 (C151) 08-12-2015

The auction No. C151 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 08-12-2015. The Auction results was published on Sunday, 13-12-2015.

The total public bidding is IQD 281,500,000,000.000 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                                          281,500,000,000.000
Pricing                                                            Multiple
Term of Security (days)                                    91
Settlement Date                                              09-12-2015
Maturity Date                                                  09-03-2016
Competitive Bidders                                         7
Winning Bidder                                                6
Total Valid Competitive Bids                              281,500,000,000.000
Total competitive Bids Awarded                         200,010,000,000.000
Range of Yields for Valid Competitive Bids          [4.00%-5.50%]
Cutoff Yield (%)                                               4.40
Average Competitive Yield                                4.29
Bids Received as % of Amount Offered              140.75

See Post: 

 

http://dinarvets.com/forums/index.php?/topic/212760-new-cbi-announcement-12132015/

[Jaygo]

Why is this important Ron?

[eburt]

I asked the same question before. What does this have to do with RV. If CBI continues to make lots of money from auctions why do they need to RV

[sandfly]

THANKS