The Central Bank of Cyprus announces the offer through auction on a bid-price basis of up to £25.000.000 3,75% Government Registered Development Stock with date of issue 14th August, 2003 and redemption at par in two years. Details about the auction are published in the form of an Announcement in the Official Gazette of the Republic on Friday 8th August, 2003.
The auction will take place on Wednesday 13th August, 2003. Bids on the prescribed form for 2-year stock will be accepted from 11th August, 2003 until 9.00 a.m. of 13th August, 2003. Application forms for the submission of bids and copies of the Announcement on the auction procedures and Terms of Issue for the Stock can be obtained from the Securities Section of the Central Bank of Cyprus.