Announcement
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Please be informed that the MOF decided do not held the auction of T/b No(117) dated 07/09/2009
Dir.General
Agreement &Loans
07/09/2009
The Ministry of Finance is authorized under the Public Debt Law to issue obligations guaranteed by the Government of Iraq. The Central Bank of Iraq, as fiscal agent of the Ministry of Finance, is authorized to conduct auctions for Government Debt Securities on behalf of the Ministry of Finance. The Ministry of Finance issues Government Debt Securities to finance the Government of Iraq, subject to the limits of the Annual Budget Law.
To achieve this financing objective, the Ministry of Finance determined a system and mechanism for Government Debt Securities auctions that will be held periodically, with the results announced at [eleven a.m] in the morning after the close of the auction at [ten a.m]
Auction Number 125 of Government Debt Securities was a uniform price auction for ID 200.000.000.000 par value of Bills which concluded on 28-12-2009. Total Public ID 201.000.000.000 Valid competitive bids totalled ID 200.000.000.000 and valid non competitive bids totalled ID 1.000.000.000 and the cut off yield( the highest yield of a successful bidder) determined by auction was 5.50%.
Details (amount in Iraqi Dinars)
Notes
Securities Offered
Discount
Total Offering
200.000.000.000
Total Public Bidding
201.000.000.000
Pricing
Uniform
Term of Security(days)
91
Settlement Date
29-12-2009
Maturity Date
30-3-2010
Competitive Bidders
2
Winning Bidders
2
Total Non-Competitive Bids Awarded
1.000.000.000
Total Valid Competitive Bids
200.000.000.000
Total competitive Bids Awarded
199.010.000.000
Range of Yields of Valid Competitive Bids
[5.00%-5.50%]
Cut off Yield
5.50
Bids Received as % of Amount Offered
100.50
The Ministry of Finance is authorized under the Public Debt Law to issue obligations guaranteed by the Government of Iraq. The Ministry of Finance issues Government Debt securities to finance the Government of Iraq, subject to the limits of the Annual Budget Law.
To achieve this financing objective, the Ministry of Finance determined a system and mechanism for Government Debt Securities auctions that will be held periodically, with the results announced at [eleven a.m] in the morning after the close of the auction at [ten a.m]
Auction Number Y1 of Government Debt Securities was a uniform price auction for IQD 200.000.000.000 par value of Bills which concluded on 11-1-2010. Total Public IQD 161.000.000.000 Valid competitive bids totalled IQD 160.000.000.000 and valid non competitive bids totalled IQD 1.000.000.000 and the cut off yield( the highest yield of a successful bidder) determined by auction was 7.00%.
Details (amount in Iraqi Dinars)
Notes
Securities Offered
Discount
Total Offering
200.000.000.000
Total Public Bidding
161.000.000.000
Pricing
Uniform
Term of Security(days)
364
Settlement Date
12-1-2010
Maturity Date
11-1-2011
Competitive Bidders
3
Winning Bidders
3
Total Non-Competitive Bids Awarded
1.000.000.000
Total Valid Competitive Bids
160.000.000.000
Total competitive Bids Awarded
160.000.000.000
Range of Yields of Valid Competitive Bids
[5.50%-7.00%]
Cut off Yield (%)
7.00
Bids Received as % of Amount Offered
80.50
The Ministry of Finance is authorized under the Public Debt Law to issue obligations guaranteed by the Government of Iraq. The Ministry of Finance issues Government Debt securities to finance the Government of Iraq, subject to the limits of the Annual Budget Law.
To achieve this financing objective, the Ministry of Finance determined a system and mechanism for Government Debt Securities auctions that will be held periodically, with the results announced at [eleven a.m] in the morning after the close of the auction at [ten a.m]
Auction Number HY1 of Government Debt Securities was a uniform price auction for IQD 200.000.000.000 par value of Bills which concluded on 25-1-2010. Total Public IQD 201.000.000.000 Valid competitive bids total IQD 200.000.000.000 and valid non competitive bids totalled IQD 1.000.000.000 and the cut off yield( the highest yield of a successful bidder) determined by auction was 6.50%.
Details (amount in Iraqi Dinars)
Notes
Securities Offered
Discount
Total Offering
200.000.000.000
Total Public Bidding
201.000.000.000
Pricing
Uniform
Term of Security(days)
182
Settlement Date
26-1-2010
Maturity Date
27-7-2010
Competitive Bidders
2
Winning Bidders
2
Total Non-Competitive Bids Awarded
1.000.000.000
Total Valid Competitive Bids
200.000.000.000
Total competitive Bids Awarded
199.000.000.000
Range of Yields of Valid Competitive Bids
[5.50%-6.50%]
Cutoff Yield (%)
6.50
Bids Received as % of Amount Offered
100.50
note: all dates above are in day-month-year format