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 (C108 ) 15-Apr-2014

The auction No. C108 for Central Bank of Iraq bills based on a uniform price auction for IQD 200'000'000'000 par value for the bills  concluded on 15-04-2014.

The total public bidding is IQD 262'500'000'000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 4.80%.

Details (amount in Iraqi Dinars) Notes
Securities Offered Discount
Total Offering 200'000'000'000
Total Public Bidding 262'500'000'000
Pricing Multiple
Term of Security (days) 91
Settlement Date 16-04-2014
Maturity Date 16-07-2014
Competitive Bidders 10
Winning Bidder 10
Total Valid Competitive Bids 262'500'000'000
Total competitive Bids Awarded 200'020'000'000
Range of Yields for Valid Competitive Bids [4.00%-5.00%]
Cutoff Yield (%) 4.80
Average Competitive Yield 4.51
Bids Received as % of Amount Offered 131.25

Details of the auctions

Announcement Number (D91) 02-FEB-2010

The auction No. D91  for Central Bank of Iraq bills based on a uniform price auction for IQD 100'000'000'000 par value concluded on the 02-02-2010.

The total public bidding is IQD 226'850'00'000 and the cut-off yield (the highest yield of a successful bidder) determined by the auction was 5.50%.

Details (amount in Iraqi Dinars) Notes
Securities Offered Discount
Total Offerings 100'000'000'000
Total Public Bidding 226'850'000'000
Pricing Uniform
Term of Security (days) 182
Settlement Date 03-02-2010
Maturity Date 04-08-2010
Competitive Bidders 3
Winning Bidder 2
Total Valid Competitive Bids 226'850'000'000
Total competitive Bids Awarded 100'000'000'000
Range of Yields for Valid Competitive Bids [4.80%-6.60%]
Cutoff Yield (%) 5.50
Bids Received as % of Amount Offered 226.85

Details of the auctions

The schedule below for 91-day T-bill auctions is preliminary and subject to change.

Upcoming Auction Schedule

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