An auction was held on 18.4.2005 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 20.4.2005 and 13 weeks maturity.
Only competitive bids amounting to £30.000.000 were submitted. All the bids submitted were accepted.
The lowest and highest prices of the competitive bids accepted were £989,34 and £989,54 respectively for every £1.000 nominal value, representing annual yields of 4,32% and 4,24% respectively. The weighted average price of the competitive bids accepted was £989,43 per £1.000 nominal value representing an annual yield of 4,28%.