Auction of Islamic Certificates of Deposit CBI

Issuance plan Islamic certificates of deposit

• Plan to issue Central Bank transfers and Islamic deposit certificates for a period of (14 & 182) days for the year 2024-2025

Auction results (ICD156) & (ICD614)

• Details of the Islamic Certificates of Deposit Auction for (14 & 182) daysin

Government Securities Auctions (ICD410)

• Auction details of Islamic certificates of deposit for (91) days in dinar currency

Government Securities Auctions (ICD810)

• Auction details of Islamic certificates of deposit for (364) days in dinar currency

 

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

♦ Details of the auctions

♦ Plan Issuance of certificates of Islamic deposit for (30,91,182,364) days for the year (2020)