CBI Treasury Bill Auction Jan 31 2012

Posted: February 3, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

The auction No. C51 for Central Bank of Iraq bills based on a uniform price auction for IQD 150’000’000’000 par value was concluded on the 31-1-2012.

The total public bidding is IQD 401’000’000’000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 5.50%.


DETAILS (AMOUNT IN IRAQI DINARS) NOTES
Securities Offered Discount
Total Offerings 150’000’000’000
Total Public Bidding 401’000’000’000
Pricing Uniform
Term of Security (days) 91
Settlement Date 1-2-2012
Maturity Date 2-5-2012
Competitive Bidders 7
Winning Bidder 7
Total Valid Competitive Bids 401’000’000’000
Total competitive Bids Awarded 150’020’000’000
Range of Yields for Valid Competitive Bids [4.90%-8.00%]
Cutoff Yield (%) 5.50
Bids Received as % of Amount Offered 267.33
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