An auction was held on 10.3.2004 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 4,25% Government Registered Development Stock with date of issue 4.1.2004 and maturity in five years.
The total value of the bids submitted was £6.525.800. The competitive bids amounted to £6.510.800 and the non-competitive bids to £15.000. None of the bids submitted were accepted.