An auction was held on 18.4.2005 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £20.000.000 Treasury Bills with date of issue 20.4.2005 and 52 weeks maturity.
The total value of the bids submitted was £32.000.000. The competitive bids amounted to £20.000.000 and the non-competitive bids to £12.000.000. The total value of bids accepted was £20.000.000. The competitive bids accepted amounted to £10.000.000 while the non-competitive bids accepted amounted to £10.000.000.
The weighted average price of the competitive bids accepted was £953,35 per £1.000 nominal value representing an annual yield of 4.91%.