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.

Cancel the auction Announcement No.(C156)

CBI decided to cancel the auction No.(C156) for period (91) days which is supposed to be held in 15/11/2016, because the system refused all bids which were submitted by participants.

Announcement Number (C151)

The auction No. C151 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 08-12-2015.

The total public bidding is IQD 281,500,000,000.000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 4.40%.

 

Details (amount in Iraqi Dinars) Notes
Securities Offered Discount
Total Offering 200,000,000,000.000
Total Public Bidding 281,500,000,000.000
Pricing Multiple
Term of Security (days) 91
Settlement Date 09-12-2015
Maturity Date 09-03-2016
Competitive Bidders 7
Winning Bidder 6
Total Valid Competitive Bids 281,500,000,000.000
Total competitive Bids Awarded 200,010,000,000.000
Range of Yields for Valid Competitive Bids [4.00%-5.50%]
Cutoff Yield (%) 4.40
Average Competitive Yield 4.29
Bids Received as % of Amount Offered 140.75

Details of the auctions

Schedule an auction of the bank transfers the forward (91) day

 

Announcement Number (D193)

The auction No. D193  for Central Bank of Iraq bills based on a uniform price auction for IQD 200,000,000,000.000 par value concluded on the 4-10-2016.

The total public bidding is IQD 75,000,000,000.000 and the cut-off yield (the highest yield of a successful bidder) determined by the auction was 2.50%.

Details (amount in Iraqi Dinars) Notes
Securities Offered Discount
Total Offerings 200,000,000,000.000
Total Public Bidding 75,000,000,000.000
Pricing Multiple
Term of Security (days) 182
Settlement Date 5-10-2016
Maturity Date 5-4-2017
Competitive Bidders 3
Winning Bidders 1
Total Valid Competitive Bids 75,000,000,000.000
Total Competitive Bids Awarded 15,000,000,000.000
Range of Yields for Valid Competitive Bids [2.50% -4.50%]
Cutoff Yield (%) 2.50
Average Competitive Yield 2.50
Bids Received as % of Amount Offered 37.50

Details of the auctions

Schedule an auction of the bank transfers the forward (182) day

Note: all dates above are in DD-MM-YYYY