An auction was held on 29.12.2005 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £50.000.000 Treasury Bills with date of issue 1.1.2006 and 13 weeks maturity.
The total value of the bids submitted was £216.000.000. The competitive bids amounted to £180.000.000 and the non-competitive bids to £36.000.000. The total value of bids accepted was £50.000.000. The competitive bids accepted amounted to £37.500.000while the non-competitive bids accepted amounted to £12.500.000.
In accordance with the published terms of the auction, non-competitive bids amounting to £12.500.000 were allotted at the weighted average price of the competitive bids accepted. This price was £993,39 per £1.000 nominal value representing an annual yield of 2,67%.