An auction was held on 16.12.2009 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to €500.000.000 Treasury Bills with date of issue 4.1.2010 and 26-weeks maturity.
The total value of the bids submitted was €1.145.000.000. The competitive bids amounted to €1.135.000.000 and the non-competitive bids to €10.000.000. The total value of bids accepted was €500.000.000. The competitive bids accepted amounted to €490.000.000 while the non-competitive bids accepted amounted to €10.000.000.
The lowest and highest prices of the competitive bids accepted were €993,24 and €994,47 respectively for every €1.000 nominal value of Treasury Bills, representing annual yields of 1,35% and 1,10% respectively. The weighted average price of the competitive bids accepted was €993,77 per €1.000 nominal value representing an annual yield of 1,24%.