MOF Auctions
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 11 am in the morning after the close of the auction at 10 am.
Cancel Announcement Number (HY44)
Please be informed that the Ministry of Finance cancelled the auction of T/b No.(HY44) Dated 10/9/2012.
Announcement Number (HY51) 22-Apr-2013
Auction number HY51 of government debt securities was a uniform price auction for IQD 50,000,000,000 par value of bills which concluded on 22-04-2013.
Total public IQD 60,000,000,000 Valid competitive bids totaled IQD 59,000,000,000 and valid non competitive bids totaled IQD1,000,000,000 and The cut off yield (the highest yield of a successful bidder) determined by auction was 4.90%.
| Details (amounts in Iraqi Dinars) | Notes |
| Securities Offered | Discount |
| Total Offering | 50,000,000,000 |
| Total Public Bidding | 60,000,000,000 |
| Pricing | Multiple |
| Term of Security (days) | 182 |
| Settlement Date | 23-04-2013 |
| Maturity Date | 22-10-2013 |
| Competitive Bidders | 4 |
| Winning Bidders | 3 |
| Total Non-Competitive Bids Awarded | 1,000.000,000 |
| Total Valid Competitive Bids | 59,000,000,000 |
| Total competitive Bids Awarded | 49,000,000,000 |
| Range of Yields of Valid Competitive Bids | [4.00%-5.00%] |
| Cut off Yield | 4.90 |
| Bids Received as % of Amount Offered | 120.00 |
The schedule below for 182-day T-bill auctions is preliminary and subject to change.
Announcement Number (Y8) 14-JUN-2010
Auction number Y8 of government debt securities was a uniform price auction for IQD 200'000'000'000 par value concluded on the 14-06-2010.
Total public biddng is IQD 110'000'000'000. Valid competitive bids totaled IQD 110'000'000'000 and valid non competitive bids totaled IQD 0'000. and the cut off yield (the highest yield of a successful bidder) determined by auction was 9.00%.
| Details (amounts in Iraqi Dinars) | Notes |
| Securities Offered | Discount |
| Total Offering | 200'000'000'000 |
| Total Public Bidding | 110'000'000'000 |
| Pricing | Uniform |
| Term of Security(days) | 364 |
| Settlement Date | 15-6-2010 |
| Maturity Date | 14-6-2011 |
| Competitive Bidders | 2 |
| Winning Bidders | 2 |
| Total Non-Competitive Bids Awarded | 0'000 |
| Total Valid Competitive Bids | 110'000'000'000 |
| Total competitive Bids Awarded | 110'000'000'000 |
| Range of Yields of Valid Competitive Bids | [5.40%-9.00%] |
| Cut off Yield | 9.00 |
|
Bids Received as % of Amount Offered |
55.0 |
Announcement Number (125) 28-DEC-2009
Auction number 125 of government debt securities was a uniform price auction for IQD 200'000'000'000 par value concluded on the 28-12-2009.
Total public biddng is IQD 201'000'000'000. Valid competitive bids totaled IQD 200'000'000'000 and valid non competitive bids totaled IQD 1'000'000'000. The cut off yield (the highest yield of a successful bidder) determined by auction was 5.50%.
| Details (amounts 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 | 30-03-2010 |
| 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 | 100.5 |
The schedule below for 91-day T-bill auctions is preliminary and subject to change.
Note: all dates above are in DD-MM-YYYY