Ministry of Finance T-Bill Auction April 16, 2012

Posted: April 18, 2012 in Iraqi Dinar/Politics
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Auction number HY39 of government debt securities was a uniform price auction for IQD 100,000,000,000 par value of bills which  concluded on 16-04-2012.

Total public  IQD 170,400,000,000 Valid competitive bids totaled IQD 168,400,000,000 and valid non competitive bids totaled IQD 2,000,000,000 and The cut off yield (the highest yield of a successful bidder) determined by auction was 5.80%.

Securities Offered Discount
Total Offering 100,000,000,000
Total Public Bidding 170,400,000,000
Pricing Multiple
Term of Security (days) 182
Settlement Date 17-04-2012
Maturity Date 16-10-2012
Competitive Bidders 5
Winning Bidders 3
Total Non-Competitive Bids Awarded 2,000.000,000
Total Valid Competitive Bids 168,400,000,000
Total competitive Bids Awarded 98,010,000,000
Range of Yields  of Valid Competitive Bids [4.90%-6.40%]
Cut off Yield 5.80
Bids Received as % of Amount Offered 170.40

Details of the auctions

The schedule below for 182-day T-bill auctions is preliminary and subject to change.


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