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

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%.