Auction Results of Treasury Bills with 13 weeks maturity issued on 21/04/2004

Wednesday, 21 April 2004

An auction was held on 21.4.2004 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £100.000.000 Treasury Bills with date of issue 21.4.2004 and 13 weeks maturity.

The total value of the bids submitted was £21.000.000. The competitive bids amounted to £16.000.000 and the non-competitive bids to £5.000.000. All bids submitted were accepted.

The lowest and highest prices of the competitive bids accepted were £990,01 and £990,69 respectively for every £1.000 nominal value representing annual yields of 4,05% and 3,77%, respectively. The weighted average price of the competitive bids  accepted was £990,17 per £1.000 nominal value representing an annual yield of 3,98%.