An auction was held on 9.4.2003 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £35.000.000 4,25% Government Registered Development Stock with date of issue 10.4.2003 and maturity in two years.
The total value of the bids submitted was £54.000.000; competitive bids amounted to £51.000.000 while non-competitive bids to £3.000.000.
No bids were accepted.