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Results 8th Auction

 

The Ministry of Finance's (Secretaría de Estado de Hacienda) eighth monthly public auction was held in October and received offers for RD$8,693.2MM from commercial banks, saving and loans associations and brokerage firms for their own accounts and on behalf of their clients. Of this total, RD$8,166.7MM was allocated at interest rates set by market participants. The 2, 3 and 5 year bond issue totaled RD$1,534.6MM; 5,723.6MM and 908.5MM respectively, auctioned at weighted average interest rates of 12.000%, 14.4656% and 16.0034% respectively.
 

According to Decree 727-07, framed in the Budget Law No. 498-08, an increase in each of the series-sections was registered of the October 2009 auction. The serial-section SEH1-2011 rose RD$513MM, reaching RD$5,513MM. The series-sections SEH1-2012 and SEH1-2014 rose RD$7,000 and RD$500MM, respectively, reaching RD$12,000MM and RD$1,500MM, respectively.

The total accumulated of the allocations for the series of 2, 3 and 5 years is of RD$4,742.2MM, RD$ 9,855.1MM and RD$1,179.6MM respectively. The available balance for the three series are of RD$765.8MM for the 2 year series, RD$2,144.9MM for the 3 year series and RD$320.4MM for the 5 year series.