The Central Bank of Cyprus announces the offer by auction on a bid-price basis of up to £50.000.000 4,50% Government Registered Development Stock with date of issue 2 April, 2007 and repayment at par in ten years. Details about the auction are published in the form of an Announcement in the Official Gazette of the Republic on 23 March, 2007.
The auction will take place on Thursday 29 March, 2007. Bids on the prescribed form for 10-year stock will be accepted from 27 March, 2007 and not later than 9:00 a.m. on 29 March, 2007. Application forms for the submission of bids and copies of the Announcement on the auction procedures and Terms of Issue for the Stock can be obtained from the Securities Section of the Central Bank of Cyprus.