CBI Treasury Bill Auction Dec 20, 2011

Posted: December 21, 2011 in Iraqi Dinar/Politics
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The auction No. C48 for Central Bank of Iraq bills based on a uniform price auction for IQD 100’000’000’000 par value was concluded on the 20-12-2011.

The total public bidding is IQD 237’000’000’000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 5.50%.

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.

Securities Offered Discount
Total Offerings 100’000’000’000
Total Public Bidding 237’000’000’000
Pricing Uniform
Term of Security (days) 91
Settlement Date 21-12-2011
Maturity Date 21-03-2012
Competitive Bidders 6
Winning Bidder 4
Total Valid Competitive Bids 237’000’000’000
Total competitive Bids Awarded 100’010’000’000
Range of Yields for Valid Competitive Bids [4.00%-7.00%]
Cutoff Yield (%) 5.50
Bids Received as % of Amount Offered 237.00

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