Iraq Finance Ministry T- Bill Auction Feb 20, 2012

Posted: February 22, 2012 in Iraqi Dinar/Politics
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Auction number HY37 of government debt securities was a uniform price auction for IQD 100,000,000,000 par value of bills which  concluded on 20-02-2012.

Total public  IQD 163,000,000,000 Valid competitive bids totaled IQD 162,000,000,000 and valid non competitive bids totaled IQD 1,000,000,000 and The cut off yield (the highest yield of a successful bidder) determined by auction was 7.00%.

Securities Offered Discount
Total Offering 100,000,000,000
Total Public Bidding 163,000,000,000
Pricing Multiple
Term of Security (days) 182
Settlement Date 21-02-2012
Maturity Date 21-08-2012
Competitive Bidders 5
Winning Bidders 4
Total Non-Competitive Bids Awarded 1,000.000,000
Total Valid Competitive Bids 162,000,000,000
Total competitive Bids Awarded 99,010,000,000
Range of Yields  of Valid Competitive Bids [4.50%-7.40%]
Cut off Yield 7.00
Bids Received as % of Amount Offered 163.00

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