An auction was held on 29.12.2004 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 5,00% Government Registered Development Stock with date of issue 3.1.2005 and maturity in two years.
The total value of the bids submitted was £34.000.000. The competitive bids amounted to £30.000.000 and the non-competitive bids to £4.000.000.
None of the bids submitted was accepted.