Auction relsults of 3,75% Government Registered Development Stock (12th Series dated 11.12.2003)

An auction was held on 10.12.2003 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £50.000.000 3,75% Government Registered Development Stock with date of issue 11.12.2003 and maturity in two years.

The total value of the bids submitted was £1.020.000 all of which were competitive. The total value of the bids accepted was £1.000.000.  

The weighted average price of the accepted competitive bids was £99,54 per £100 nominal value representing an annual yield of  3,99%.