CBI T-Bill Auction Jan 17, 2012

Posted: January 18, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

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.

The auction No. C50 for Central Bank of Iraq bills based on a uniform price auction for IQD 150’000’000’000 par value was concluded on the 17-1-2012.

The total public bidding is IQD 184’500’000’000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 5.90%.

Securities Offered Discount
Total Offerings 150’000’000’000
Total Public Bidding 184’500’000’000
Pricing Uniform
Term of Security (days) 91
Settlement Date 18-1-2012
Maturity Date 18-4-2012
Competitive Bidders 7
Winning Bidder 6
Total Valid Competitive Bids 184’500’000’000
Total competitive Bids Awarded 150’020’000’000
Range of Yields for Valid Competitive Bids [4.00%-7.50%]
Cutoff Yield (%) 5.90
Bids Received as % of Amount Offered 123.00

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