An auction was held on 30.11.2005 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £30.000.000 Treasury Bills with date of issue 1.12.2005 and 52 weeks maturity.
The total value of the bids submitted was £124.360.000. The competitive bids amounted to £106.000.000 and the non-competitive bids to £18.360.000. The total value of bids accepted was £15.000.000. The competitive bids accepted amounted to £10.000.000 while the non-competitive bids accepted amounted to £5.000.000.
In accordance with the published terms of the auction, non-competitive bids amounting to £5.000.000 were accepted at the weighted average price of the competitive bids accepted. This price was £969,82 per £1.000 nominal value representing an annual yield of 3,12%.