An auction was held on 7.12.2004 for the sale by the Central Bank of
The total value of the bids submitted was £33.482.800. The competitive bids amounted to £32.248.200 and the non-competitive bids to £1.234.600. The total value of bids accepted was £12.329.000. The competitive bids accepted amounted to £11.095.000 while the non-competitive bids accepted amounted to £1.234.600.
The lowest and highest prices of the competitive bids accepted were £97,80 and £98,50 respectively, for every £100 nominal value, representing annual yields of 6,30% and 6,20% respectively. In accordance with the published terms of the auction, non-competitive bids amounting to £1.234.600 were accepted at the weighted average price of the accepted competitive bids. This price was £98,10 per £100 nominal value representing an annual yield of 6,26%.