An auction was held on 14.7.2004 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 second tranche issue 5,75% Government Registered Development Stock with date of issue 24.6.2004 and maturity in five years.
The total value of the bids submitted was £44.990.800. The competitive bids amounted to £42.220.700 and the non-competitive bids to £2.770.100.
None of the bids submitted was accepted.