An auction was held on 28.3.2006 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to £80.000.000 Treasury Bills with date of issue 30.3.2006 and 52 weeks maturity.
The total value of the bids submitted was £200.413.000. The competitive bids amounted to £153.000.000 and the non-competitive bids to £47.413.000. The total value of bids accepted was £80.000.000. The competitive bids accepted amounted to £60.000.000 while the non-competitive bids accepted amounted to £20.000.000.
In accordance with the published terms of the auction, non-competitive bids amounting to £20.000.000 were allotted at the weighted average price of the competitive bids accepted. This price was £971,75 per £1.000 nominal value representing an annual yield of 2,92%.