The Central Bank of Cyprus announces the offer by auction on a bid-price basis of up to £40.000.000 4,25% Government Registered Development Stock with date of issue 1st January, 2003 and repayment at par in two years. Details about the auction will be published in the form of an Announcement in the Official Gazette of the Republic on Friday 20th December, 2002.
The auction will take place on Monday 30th December, 2002. Bids on the prescribed form for 2-year stock will be accepted from 24th December, 2002 until 9.00 a.m. of 30th December, 2002. 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.