Debt Securities Auction
Debt securities auction is a method employed by the issuers to sell the securities in
the primary market normally aimed at institutional investors as they have large
amount of fund and investment expertise. The auction provides several advantages
to the issuers. Among these include the relatively low cost of borrowing, less
time spent on selling process, and, under normal market conditions, the offering
amount is usually fully subscribed. Thus the issuers can manage their debt
effectively.
Auction Yields Classified by Tenors