Auction results of Treasury Bills with 13 Weeks maturity issued on 18.11.2004

An auction was held on 17.11.2004 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £30.000.000 Treasury Bills with date of issue 18.11.2004 and 13 weeks maturity.

Only competitive bids amounted to £65.000.000 were submitted out of which £30.000.000 were accepted.  

The lowest and highest prices of the competitive bids accepted were £988,56 and £988,69 respectively for every £1.000 nominal value, representing annual yields of  4,64% and 4,59% respectively. The weighted average price of the competitive bids accepted was £988,62 per £1.000 nominal value representing an annual yield of  4,62%.