An auction was held on 31.12.2003 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £20.000.000 3,75% Government Registered Development Stock with date of issue 4.1.2004 and maturity in two years.
The total value of the bids submitted was £1.835.000. The competitive bids amounted to £1.000.000 and the non-competitive bids to £835.000.
No bids were accepted.