Iraq Finance Ministry T-Bill Auction March 19, 2012

Posted: March 20, 2012 in Iraqi Dinar/Politics
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Auction number HY38 of government debt securities was a uniform price auction for IQD 100,000,000,000 par value of bills which  concluded on 19-03-2012.

Total public  IQD 237,100,000,000 Valid competitive bids totaled IQD 236,100,000,000 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 6.40%.

Securities Offered Discount
Total Offering 100,000,000,000
Total Public Bidding 237,100,000,000
Pricing Multiple
Term of Security (days) 182
Settlement Date 20-03-2012
Maturity Date 18-09-2012
Competitive Bidders 7
Winning Bidders 4
Total Non-Competitive Bids Awarded 1,000.000,000
Total Valid Competitive Bids 236,100,000,000
Total competitive Bids Awarded 99,000,000,000
Range of Yields  of Valid Competitive Bids [5.00%-7.00%]
Cut off Yield 6.40
Bids Received as % of Amount Offered 237.10

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