An auction was held on 23.6.2004 for the sale by the Central Bank of
The total value of the bids submitted was £3.429.800. The competitive bids amounted to £2.900.000 and the non-competitive bids to £529.800. The total value of bids accepted was £2.929.800. The competitive bids accepted amounted to £2.400.000, while the non-competitive bids accepted amounted to £529.800.
The lowest and highest prices of the competitive bids accepted were £94,68 and £99,20, respectively, for every £100 nominal value, representing annual yields of 6,74% and 6,11%, respectively. In accordance with the published terms of the auction, non‑competitive bids amounting to £529.800 were accepted at the weighted average price of the accepted competitive bids. This price was £95,77 per £100 nominal value representing an annual yield of 6,58%.