MOF Auctions

Announcement Number (HY61)

Auction number HY61 of government debt securities was a uniform price auction for IQD (500,000,000,000) par value of bills which  concluded on 4-8-2014. Total public  IQD (305,000,000,000) Valid competitive bids totaled IQD (305,000,000,000) 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 8.50%.

 

                                                   Details:

Securities Offered	Discount
Total Offering	500,000,000,000
Total Public Bidding	305,000,000,000
Pricing	Multiple
Term of Security (days)	182
Settlement Date	5-8-2014
Maturity Date	3-2-2015
Competitive Bidders	3
Winning Bidders	3
Total Non-Competitive Bids Awarded	0.000
Total Valid Competitive Bids	305,000,000,000
Total competitive Bids Awarded	305,000,000,000
Range of Yields  of Valid Competitive Bids	[5.00%-8.50%]
Cut off Yield	8.50
Average Competitive Yield	6.38
Bids Received as % of Amount Offered	61.00

♦ Details of the auctions

♦ Scheme treasury transfers for the year 2014/ for (182) days and remittances for (364) days

Announcement Number (Y43) for Issue IQMOFI000Y43

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 auction that will be held periodically, with the result announced  after the close of the auction.

Auction Number Y43 of Government Debt Securities was a multiple price auction for IQD (100,000,000,000.000) par value of Bills which concluded on 12/12/2018. Total Public IQD (471,000,000,000.000) valid competitive bids total IQD (469,500,000,000.000) and valid non competitive bids totaled (1,500,000,000.000) and the cut off yield (the highest yield of a successful bidder) determined by auction was 2.00%.

 

                                                Details:

Discount	Securities Offered
100,000,000,000.000	Total Offering
471,000,000,000.000	Total Public Bidding
Multiple	Pricing
364	(Term of Security (days
13/12/2018	Settlement Date
12/12/2019	Maturity Date
6	Competitive Bidders
2	Winning Bidders
1,500,000,000.000	Total Non-Competitive Bids Awarded
469,500,000,000.000	Total Valid Competitive Bids
98,510,000,000.000	Total Competitive Bids Awarded
[3.00% - 2.00%]	Range of Yields of Valid Competitive Bids
2.00	(%) Cutoff Yield
2.00	Average Competitive Yield
471.00	Bids Received as % of Amount Offered

 

♦ For more details of the auctions

♦ Borrowing plan to issue treasury remittances through auctions for the year (2018)

Announcement Number (125)

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:

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

 

♦ Details of the auctions

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