An auction was held on 7.6.2005 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 9.6.2005 and 13 weeks maturity.
Only competitive bids amounting to £10.000.000 were submitted. All the bids submitted were accepted.
The weighted average price of the competitive bids was £990,25 per £1.000 nominal value representing an annual yield of 3,95%.