Iraq Ministry of Finance T-Bill Auction for August 13, 2012

Posted: August 14, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Auction number HY43 of government debt securities was a uniform price auction for IQD 100,000,000,000 par value of bills which  concluded on 13-08-2012.

Total public  IQD 121,500,000,000 Valid competitive bids totaled IQD 120,000,000,000 and valid non competitive bids totaled IQD 1,500,000,000 and The cut off yield (the highest yield of a successful bidder) determined by auction was 5.00%.

DETAILS (AMOUNTS IN IRAQI DINARS) NOTES
Securities Offered Discount
Total Offering 100,000,000,000
Total Public Bidding 121,500,000,000
Pricing Multiple
Term of Security (days) 182
Settlement Date 14-08-2012
Maturity Date 12-02-2013
Competitive Bidders 3
Winning Bidders 3
Total Non-Competitive Bids Awarded 1,500.000,000
Total Valid Competitive Bids 120,000,000,000
Total competitive Bids Awarded 98,500,000,000
Range of Yields  of Valid Competitive Bids [3.90%-5.20%]
Cut off Yield 5.00
Bids Received as % of Amount Offered 121.50

Details of the auctions

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