Iraq Finance Ministry T Bill Auction: Jan 23 2012

Posted: January 25, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Auction number HY36 of government debt securities was a uniform price auction for IQD 100,000,000,000 par value of bills which  concluded on 23-01-2012.

Total public  IQD 241,000,000,000 Valid competitive bids totaled IQD 240,500,000,000 and valid non competitive bids totaled IQD 500,000,000 and The cut off yield (the highest yield of a successful bidder) determined by auction was 7.50%.

DETAILS (AMOUNTS IN IRAQI DINARS) NOTES
Securities Offered Discount
Total Offering 100,000,000,000
Total Public Bidding 241,000,000,000
Pricing Multiple
Term of Security (days) 182
Settlement Date 24-01-2012
Maturity Date 24-07-2012
Competitive Bidders 7
Winning Bidders 5
Total Non-Competitive Bids Awarded 500.000,000
Total Valid Competitive Bids 240,500,000,000
Total competitive Bids Awarded 99,520,000,000
Range of Yields  of Valid Competitive Bids [4.50%-9.20%]
Cut off Yield 7.50
Bids Received as % of Amount Offered 241.00
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