An auction was held on 28.9.2005 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £50.000.000 Treasury Bills with date of issue 30.9.2005 and 52 weeks maturity.
The total value of the bids submitted was £214.744.000. The competitive bids amounted to £143.000.000 and the non-competitive bids to £71.744.000. The total value of bids accepted was £50.000.000. The competitive bids accepted amounted to £37.500.000 while the non-competitive bids accepted amounted to £12.500.000.
The lowest and highest prices of the competitive bids accepted were £964,09 and £967,30 respectively for every £1.000 nominal value, representing annual yields of 3,74% and 3,39% respectively. The weighted average price of the competitive bids accepted was £966,22 per £1.000 nominal value representing an annual yield of 3,51%.