An auction was held on 29.12.2004 for the sale by the Central Bank of
The total value of the bids submitted was £37.664.200. The competitive bids amounted to £33.483.100 and the non-competitive bids to £4.181.100. The total value of bids accepted was £16.181.100. The competitive bids accepted amounted to £12.000.000 while the non-competitive bids accepted amounted to £4.181.100 .
The lowest and highest prices of the competitive bids accepted were £98,68 and £98,90 respectively, for every £100 nominal value, representing annual yields of 6,18% and 6,15% respectively. In accordance with the published terms of the auction, non-competitive bids amounting to £4.181.100 were accepted at the weighted average price of the accepted competitive bids. This price was £98,72 per £100 nominal value representing an annual yield of 6.17%.