The Ministry of Finance's (Secretaria de Estado de Hacienda) sixth monthly public auction was held in August and received offers for RD$1,597.9MM from commercial banks, saving and loans associations and brokerage firms for their own accounts and on behalf of their clients. Of this total, RD$1,307.9MM was allocated at interest rates set by market participants. The 2, 3 and 5 year bond issues totaled RD$1,197.9MM, RD$50.0MM and RD$60.0MM and were auctioned at weighted average interest rates of 12.0058%, 14.0000% and 16.0150% respectively.

The total accumulated of the allocations for the series of 2, 3 and 5 years is of RD$3,087.6MM, RD$ 4,131.5MM and RD$271.1MM respectively. Whereas the accumulated of the non-assigned allocations for the series of 2, 3 and 5 years is RD$1,263.0MM, RD$ 348.1MM and RD$ 111.0MM respectively.

In contrast with July's auction, the interest rates presented significant changes. The weighted average interest rate for 2 years showed a significant decrease of 205.77 bps, declining from 14.0635% to 12.0058%. On the other hand, the weighted average interest rate for 3 years showed an increase of 0.27 bps, increasing from 13.9973% to 14.0000%.