The Central Bank of Cyprus announces the offer by auction on a bid-price basis of up to £50.000.000 3,75% Government Registered Development Stock with date of issue 11.7.2006 and repayment at par in two years. Details about the auction are published in the form of an Announcement in the Official Gazette of the Republic on30 June, 2006.
The auction will take place on Friday 7 July, 2006. Bids on the prescribed form for 2-year stock will be accepted from 5.7.2006 and not later than 9:00 a.m. on 7.7.2006. 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.