An auction was held on 29.3.2007 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to £75.000.000 Treasury Bills with date of issue 30.3.2007 and 52 weeks maturity.
The total value of the bids submitted was £50.202.000. The competitive bids amounted to £50.000.000 and the non-competitive bids to £202.000. All the bids submitted were accepted.
The lowest and highest prices of the competitive bids accepted were £960,30 and £960,85 respectively for every £1.000 nominal value of Treasury Bills, representing annual yields of 4,16% and 4,10% respectively. The weighted average price of the competitive bids accepted was £960,63 per £1.000 nominal value representing an annual yield of 4,12%.