Ministry of Finance Treasury Bill Auction: June 11, 2012

Posted: June 12, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Auction number HY41 of government debt securities was a uniform price auction for IQD 100,000,000,000 par value of bills which  concluded on 11-06-2012.

Total public  IQD 157,000,000,000 Valid competitive bids totaled IQD 155,500,000,000 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 4.70%.

DETAILS (AMOUNTS IN IRAQI DINARS) NOTES
Securities Offered Discount
Total Offering 100,000,000,000
Total Public Bidding 157,000,000,000
Pricing Multiple
Term of Security (days) 182
Settlement Date 12-06-2012
Maturity Date 11-12-2012
Competitive Bidders 4
Winning Bidders 2
Total Non-Competitive Bids Awarded 1,500.000,000
Total Valid Competitive Bids 155,500,000,000
Total competitive Bids Awarded 98,500,000,000
Range of Yields  of Valid Competitive Bids [3.80%-5.60%]
Cut off Yield 4.70
Bids Received as % of Amount Offered 157.00

Details of the auctions

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