An auction was held on 13.1.2010 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to €300.000.000 2,00% Government Registered Development Stock with date of issue 15.1.2010 and maturity in two years.
The total value of the bids submitted was €666.010.000. The competitive bids amounted to €650.010.000 and the non-competitive bids to €16.000.000. The total value of bids accepted was €116.000.000. The competitive bids accepted amounted to €100.000.000 while the non-competitive bids accepted amounted to €16.000.000.
The lowest and highest prices of the competitive bids accepted were €99,71 and €100,00, respectively, for every €100 nominal value of Government Registered Development Stock, representing annual yields of 2,15% and 2,00%, respectively. In accordance with the published terms of the auction, non-competitive bids amounting to €16.000.000 were allotted at the weighted average price of the competitive bids accepted. This price was €99,86 per €100 nominal value representing an annual yield of 2,07%.