An auction was held on 27.6.2007 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to £50.000.000 4,50% Government Registered Development Stock with date of issue 29.6.2007 and maturity in ten years.
The total value of the bids submitted was £15.776.800. The competitive bids amounted to £11.870.000 and the non-competitive bids to £3.906.800.
None of the bids submitted was accepted.