MOF Auctions
The Ministry of Finance is authorized under the "Public Debt Law" to issue obligations guaranteed by the government of Iraq. The Central Bank of Iraq, as fiscal agent of the Ministry of Finance is authorized to conduct auctions for government debt securities on behalf of the Ministry of Finance. The Ministry of Finance issues government debt securities to finance the government of Iraq, subject to the limits of the "Annual Budget Law".
To achieve this financing objective, the Ministry of Finance determined a system and mechanism for government debt securities auctions that will be held periodically, with the results announced at 11 am in the morning after the close of the auction at 10 am.
Announcement Number (HY61)
Auction number HY61 of government debt securities was a uniform price auction for IQD 500,000,000,000 par value of bills which concluded on 4-8-2014.
Total public IQD 305,000,000,000 Valid competitive bids totaled IQD 305,000,000,000 and valid non competitive bids totaled IQD 0.000 and The cut off yield (the highest yield of a successful bidder) determined by auction was 8.50%.
| Details (amounts in Iraqi Dinars) | Notes |
| Securities Offered | Discount |
| Total Offering | 500,000,000,000 |
| Total Public Bidding | 305,000,000,000 |
| Pricing | Multiple |
| Term of Security (days) | 182 |
| Settlement Date | 5-8-2014 |
| Maturity Date | 3-2-2015 |
| Competitive Bidders | 3 |
| Winning Bidders | 3 |
| Total Non-Competitive Bids Awarded | 0.000 |
| Total Valid Competitive Bids | 305,000,000,000 |
| Total competitive Bids Awarded | 305,000,000,000 |
| Range of Yields of Valid Competitive Bids | [5.00%-8.50%] |
| Cut off Yield | 8.50 |
| Average Competitive Yield | 6.38 |
| Bids Received as % of Amount Offered | 61.00 |
Scheme treasury transfers for the year 2014/ for(182)days and remittances for(364)days
Announcement Number (Y31)
Auction number Y31 of government debt securities was a multiple price auction for IQD 200,000,000,000.000 par value of bills which concluded on 24-5-2017.
Total public IQD 441,500,000,000.000 Valid competitive bids total IQD 440,000,000,000.000 and valid non competitive bids totalled IQD 1,500,000,000.000 and the cut off yield (the highest yield of a successful bidder) determined by auction was 4.00%.
| Details (amounts in Iraqi Dinars) | Notes |
| Securities Offered | Discount |
| Total Offering | 200,000,000,000.000 |
| Total Public Bidding | 441,500,000,000.000 |
| Pricing | Multiple |
| Term of Security(days) | 364 |
| Settlement Date | 25-5-2017 |
| Maturity Date | 24-5-2018 |
| Competitive Bidders | 6 |
| Winning Bidders | 2 |
| Total Non-Competitive Bids Awarded | 1,500,000,000.000 |
| Total Valid Competitive Bids | 440,000,000,000.000 |
| Total competitive Bids Awarded | 198,510,000,000.000 |
| Range of Yields of Valid Competitive Bids | [4.00%-5.00%] |
| Cut off Yield (%) | 4.00 |
| Average Competitive Yield: | 4.00 |
|
Bids Received as % of Amount Offered |
220.75 |
Announcement Number (125)
Auction number 125 of government debt securities was a uniform price auction for IQD 200,000,000,000 par value concluded on the 28-12-2009.
Total public biddng is IQD 201,000,000,000 Valid competitive bids totaled IQD 200,000,000,000 and valid non competitive bids totaled IQD 1,000,000,000 The cut off yield (the highest yield of a successful bidder) determined by auction was 5.50%.
| Details (amounts in Iraqi Dinars) | Notes |
| Securities Offered | Discount |
| Total Offering | 200,000,000,000 |
| Total Public Bidding | 201,000,000,000 |
| Pricing | Uniform |
| Term of Security(days) | 91 |
| Settlement Date | 29-12-2009 |
| Maturity Date | 30-03-2010 |
| Competitive Bidders | 2 |
| Winning Bidders | 2 |
| Total Non-Competitive Bids Awarded | 1,000,000,000 |
| Total Valid Competitive Bids | 200,000,000,000 |
| Total competitive Bids Awarded | 199,010,000,000 |
| Range of Yields of Valid Competitive Bids | [5.00%-5.50%] |
| Cut off Yield | 5.50 |
| Bids Received as % of Amount Offered | 100.5 |
The schedule below for 91-day T-bill auctions is preliminary and subject to change.
Note: all dates above are in DD-MM-YYYY