Another Drop

The bank said the auction was oversubscribed with bids for Rs. 4.850 bn, but the bank offered and accepted bids for only Rs. 1.000 bn.

rnrnThe weighted average yield dropped 13 basis points to 14.33 percent from yesterday
quote s auction of 14.46 percent.

rnrnThe issue carrying a 12.25 percent coupon, is part of the bonds scheduled to be issued during the months of January and February.rn