Issuance plan Islamic certificates of deposit
Auctions Announcement (ICD138) & (ICD613)
Government Securities Auctions (ICD410)
Government Securities Auctions (ICD810)
Government Securities Auctions (ICDU902)
The Central Bank of Iraq issued CBI (ICD) and adopted a mechanism to be applied on CBI (ICD) auction that will be held periodically, and the results will be announced after the closing time of the auction.
The auction no. (ICDU902) for Central Bank of Iraq (ICD) based on a Uniform price auction for (100,000,000.00) USD value for the (ICD) concluded on 15/7/2019.Total Competitive Bids Awarded is (33,000,000.00) USD and the cut-off Morabaha Return (the Morabaha Return of the successful bid) determined by the auction was (2.00%).
Details:
Securities Offered
|
ICD
|
|
Commodity
|
Aluminum
|
|
Total Offering
|
100,000,000.00
|
|
Total Public Bidding
|
33,200,000.00
|
|
Pricing
|
Uniform
|
|
Term of Security(days)
|
182
|
|
Settlement Date
|
16/7/2019
|
|
Maturity Date
|
14/1/2020
|
|
Competitive Bidders
|
2
|
|
Winning Bidders
|
2
|
|
Total Valid Competitive Bids
|
33,200,000.00
|
|
Total Competitive Bids Awarded
|
33,000,000.00
|
|
Range of Yield (murabaha yield)
|
[1.80% - 2.50%]
|
|
Cut-off Yield (%)
|
2.00
|
|
Average Competitive Yield
|
1.86
|
|
Bids Received as (%) of Amount Offered
|
33.20
|
