Central Bank of Iraq Auctions

by lonelyintexas Fri 18 Sep 2015, 1:26 pm

lonelyintexas: Interacting Investor; Posts : 4285
Join date : 2012-12-19
Location : San Antonio

Post n°1

Central Bank of Iraq Auctions

by lonelyintexas Fri 18 Sep 2015, 1:26 pm

CBI Auctions

The Central Bank of Iraq issues CBI bills and has adopted a mechanism that will be applied periodically. The results will be announced at 11 am after the closing time of the auction which is at 10 am.

Announcement Number (C145 )15-9-2015

The auction No. C145 for Central Bank of Iraq bills based on a uniform price auction for IQD 200,000,000,000.000 par value for the bills concluded on 15-9-2015.

The total public bidding is IQD 274,250,000,000.000 and the cut-off yield (the highest yield of the successful bidder) determined by the auction was 4.60%.

DETAILS (AMOUNT IN IRAQI DINARS) -------------- NOTES

Securities Offered -------------------------------------- Discount
Total Offering ------------------------------------------- 200,000,000,000.000
Total Public Bidding ------------------------------------ 274,250,000,000.000
Pricing --------------------------------------------------- Multiple
Term of Security (days) ------------------------------- 91
Settlement Date --------------------------------------- 16-09-2015
Maturity Date ------------------------------------------ 16-12-2015
Competitive Bidders ----------------------------------- 6
Winning Bidder ----------------------------------------- 6
Total Valid Competitive Bids ------------------------- 274,250,000,000.000
Total competitive Bids Awarded --------------------- 200,010,000,000.000
Range of Yields for Valid Competitive Bids -------- [4.20%-4.80%]
Cutoff Yield (%) --------------------------------------- 4.60
Average Competitive Yield --------------------------- 4.37
Bids Received as % of Amount Offered ------------ 137.13

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