An auction was held on 12.7.2005 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £100.000.000. Treasury Bills with date of issue 14.7.2005 and 52 weeks maturity.
The total value of the bids submitted was £116.050.000. The competitive bids amounted to £71.000.000 and the non-competitive bids to £45.050.000. The total value of bids accepted was £99.050.000. The competitive bids accepted amounted to £54.000.000 while the non-competitive bids accepted amounted to £45.050.000.
The lowest and highest prices of the competitive bids accepted were £961,18 and £963,12 respectively for every £1.000 nominal value, representing annual yields of 4,05% and 3,84% respectively. The weighted average price of the competitive bids accepted was £961,57 per £1.000 nominal value representing an annual yield of 4,01%.