The Ministry of Finance's (Secretaria de Estado de Hacienda) seventh monthly public auction was held in August and received offers for RD$300.0MM from commercial banks, saving and loans associations and brokerage firms for their own accounts and on behalf of their clients. Of this total, RD$125.0MM was allocated at interest rates set by market participants. The 2 year bond issue totaled RD$125.0M and was auctioned at weighted average interest rates of 12.2000%.
The total accumulated of the allocations for the series of 2, 3 and 5 years is of RD$3,212.6MM, RD$ 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$1,333.0MM, RD$ 453.1MM and RD$ 111.0MM respectively. The available balance for the three series are of RD$1,787.4 for the 2 year series, RD$868.5 for the 3 year series and RD$728.9 for the 5 year series.