yota691 Posted November 27, 2011 Report Share Posted November 27, 2011 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. Postpone Announcement Number (C46) Further to our Notice dated 2/11/2011 we would like to inform you CBI decided to postpone the auction No.C46 for period (91) days which is supposed to stay in 8/11/2011, because of the holiday AL-Adha to the date of 22/11/2011 . Announcement Number (C46) 22-NOV-2011 The auction No. C46 for Central Bank of Iraq bills based on a uniform price auction for IQD 100'000'000'000 par value for the bills concluded on the 22-11-2011. The total public bidding is IQD 240'000'000'000 and the cut-off yield (the highest yield of the successful bidder) determined by the auction was 6.50%. DETAILS (AMOUNT IN IRAQI DINARS) NOTES Securities Offered Discount Total Offerings 100'000'000'000 Total Public Bidding 240'000'000'000 Pricing Uniform Term of Security (days) 91 Settlement Date 23-11-2011 Maturity Date 22-2-2012 Competitive Bidders 7 Winning Bidder 4 Total Valid Competitive Bids 240'000'000'000 Total competitive Bids Awarded 100'000'000'000 Range of Yields for Valid Competitive Bids [5.00%-8.30%] Cutoff Yield (%) 6.50 Bids Received as % of Amount Offered 240.00 Details of the auctions Announcement Number (D91) 02-FEB-2010 The auction No. D91 for Central Bank of Iraq bills based on a uniform price auction for IQD 100'000'000'000 par value concluded on the 02-02-2010. The total public bidding is IQD 226'850'00'000 and the cut-off yield (the highest yield of a successful bidder) determined by the auction was 5.50%. DETAILS (AMOUNT IN IRAQI DINARS) NOTES Securities Offered Discount Total Offerings 100'000'000'000 Total Public Bidding 226'850'000'000 Pricing Uniform Term of Security (days) 182 Settlement Date 03-02-2010 Maturity Date 04-08-2010 Competitive Bidders 3 Winning Bidder 2 Total Valid Competitive Bids 226'850'000'000 Total competitive Bids Awarded 100'000'000'000 Range of Yields for Valid Competitive Bids [4.80%-6.60%] Cutoff Yield (%) 5.50 Bids Received as % of Amount Offered 226.85 Details of the auctions The schedule below for 91-day T-bill auctions is preliminary and subject to change. Upcoming Auction Schedule Note: all dates above are in DD-MM-YYY 1 Link to comment Share on other sites More sharing options...
The Machine Posted November 27, 2011 Report Share Posted November 27, 2011 (edited) :confused: ....... is there a point to this post or did I miss it ..... your gonna need a link to post in the news section or it'll be moved. Edited November 27, 2011 by The Machine 1 Link to comment Share on other sites More sharing options...
poke salad annie Posted November 27, 2011 Report Share Posted November 27, 2011 I've never seen anything like this before. Anyone know what it means? Thanks! 1 Link to comment Share on other sites More sharing options...
fox Posted November 27, 2011 Report Share Posted November 27, 2011 Something is up! This may be an interesting day. Thanks for posting! 2 Link to comment Share on other sites More sharing options...
jas428 Posted November 27, 2011 Report Share Posted November 27, 2011 Not sure what the point of this post is. They list things like this all the tijme and the dates mentined have no relevance. They were on a holiday, which is why there were no auctions the past few days (not to mention their weekend). 1 Link to comment Share on other sites More sharing options...
wiyakpa Posted November 27, 2011 Report Share Posted November 27, 2011 This is there bond auction listing and is old news it’s the fist one that they have had for a while. There is no currency auction(what most are used to seeing posted) for today as it’s a holiday 2 Link to comment Share on other sites More sharing options...
yota691 Posted November 27, 2011 Author Report Share Posted November 27, 2011 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. Postpone Announcement Number (C46) Further to our Notice dated 2/11/2011 we would like to inform you CBI decided to postpone the auction No.C46 for period (91) days which is supposed to stay in 8/11/2011, because of the holiday AL-Adha to the date of 22/11/2011 . Announcement Number (C46) 22-NOV-2011 The auction No. C46 for Central Bank of Iraq bills based on a uniform price auction for IQD 100'000'000'000 par value for the bills concluded on the 22-11-2011. The total public bidding is IQD 240'000'000'000 and the cut-off yield (the highest yield of the successful bidder) determined by the auction was 6.50%. DETAILS (AMOUNT IN IRAQI DINARS) NOTES Securities Offered Discount Total Offerings 100'000'000'000 Total Public Bidding 240'000'000'000 Pricing Uniform Term of Security (days) 91 Settlement Date 23-11-2011 Maturity Date 22-2-2012 Competitive Bidders 7 Winning Bidder 4 Total Valid Competitive Bids 240'000'000'000 Total competitive Bids Awarded 100'000'000'000 Range of Yields for Valid Competitive Bids [5.00%-8.30%] Cutoff Yield (%) 6.50 Bids Received as % of Amount Offered 240.00 Details of the auctions Announcement Number (D91) 02-FEB-2010 The auction No. D91 for Central Bank of Iraq bills based on a uniform price auction for IQD 100'000'000'000 par value concluded on the 02-02-2010. The total public bidding is IQD 226'850'00'000 and the cut-off yield (the highest yield of a successful bidder) determined by the auction was 5.50%. DETAILS (AMOUNT IN IRAQI DINARS) NOTES Securities Offered Discount Total Offerings 100'000'000'000 Total Public Bidding 226'850'000'000 Pricing Uniform Term of Security (days) 182 Settlement Date 03-02-2010 Maturity Date 04-08-2010 Competitive Bidders 3 Winning Bidder 2 Total Valid Competitive Bids 226'850'000'000 Total competitive Bids Awarded 100'000'000'000 Range of Yields for Valid Competitive Bids [4.80%-6.60%] Cutoff Yield (%) 5.50 Bids Received as % of Amount Offered 226.85 Details of the auctions The schedule below for 91-day T-bill auctions is preliminary and subject to change. Upcoming Auction Schedule Note: all dates above are in DD-MM-YYY http://www.cbi.iq/index.php?pid=CbiAuctions 2 Link to comment Share on other sites More sharing options...
Aqua Dude Posted November 27, 2011 Report Share Posted November 27, 2011 isn't 90 days the amount of time the CBI has to maintain a +/- 2% in the case of the rate RV'n on the 91st day they can sell at the new RV rate...which would gain them a lot more money....anyone? 2 Link to comment Share on other sites More sharing options...
Aqua Dude Posted November 27, 2011 Report Share Posted November 27, 2011 This is there bond auction listing and is old news it’s the fist one that they have had for a while. There is no currency auction(what most are used to seeing posted) for today as it’s a holiday so how to you explain the postponement of any CBI bills auctions for 90 days.....this isn't an announcement for one or a few holiday days....this is for an entire quater! 3 Link to comment Share on other sites More sharing options...
DinarDana Posted November 27, 2011 Report Share Posted November 27, 2011 so how to you explain the postponement of any CBI bills auctions for 90 days.....this isn't an announcement for one or a few holiday days....this is for an entire quater! Yes exactly, hmmmmm - They did this before. The Central Bank of Iraq issues CBI bills and has adopted a mechanism that will be applied periodically. My link 1 Link to comment Share on other sites More sharing options...
Aqua Dude Posted November 27, 2011 Report Share Posted November 27, 2011 Yes exactly, hmmmmm - They did this before. The Central Bank of Iraq issues CBI bills and has adopted a mechanism that will be applied periodically. My link they've posponed selling CBI notes for three months? Link to comment Share on other sites More sharing options...
DinarDana Posted November 27, 2011 Report Share Posted November 27, 2011 they've posponed selling CBI notes for three months? I am not sure, however if you visit the link it looks like these are bonds or securities, this isn't related to the daily currency auctions. Two separate mechanisms - It appears these securities (I think) were auctioned and will mature in 91 days. The call them CBI bills - 1 Link to comment Share on other sites More sharing options...
Aqua Dude Posted November 27, 2011 Report Share Posted November 27, 2011 (edited) things are getting more and more weird Edited November 27, 2011 by Aqua Dude 1 Link to comment Share on other sites More sharing options...
bamagirl Posted November 27, 2011 Report Share Posted November 27, 2011 things are getting more and more weird I was thinking things are getting interesting. 2 Link to comment Share on other sites More sharing options...
zigmeister Posted November 27, 2011 Report Share Posted November 27, 2011 I was thinking things are getting interesting. I like the way you but that bamagirl, interesting in a good way. 2 Link to comment Share on other sites More sharing options...
MrFnHappy Posted November 27, 2011 Report Share Posted November 27, 2011 These are nothing more than 90 day T-bill auctions, not currency auctions. 1 Link to comment Share on other sites More sharing options...
wiyakpa Posted November 27, 2011 Report Share Posted November 27, 2011 so how to you explain the postponement of any CBI bills auctions for 90 days.....this isn't an announcement for one or a few holiday days....this is for an entire quater! because as I stated this is a bond auction( not a currency auction ) just like the fed does there selling t-bills 1 Link to comment Share on other sites More sharing options...
zigmeister Posted November 28, 2011 Report Share Posted November 28, 2011 Only seven bidders? Link to comment Share on other sites More sharing options...
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