CBI T-Bill Auction Dec 7, 2011

Posted: December 12, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

The auction No. C47 for Central Bank of Iraq bills based on a uniform price auction for IQD 100’000’000’000 par value was concluded on the 07-12-2011.

The total public bidding is IQD 300’000’000’000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 6.00%.


DETAILS (AMOUNT IN IRAQI DINARS) NOTES
Securities Offered Discount
Total Offerings 100’000’000’000
Total Public Bidding 300’000’000’000
Pricing Uniform
Term of Security (days) 91
Settlement Date 08-12-2011
Maturity Date 08-03-2012
Competitive Bidders 7
Winning Bidder 3
Total Valid Competitive Bids 300’000’000’000
Total competitive Bids Awarded 100’000’000’000
Range of Yields for Valid Competitive Bids [5.00%-7.30%]
Cutoff Yield (%) 6.00
Bids Received as % of Amount Offered 300.00
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