An auction was held on 7.1.2009 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to €150.000.000 5,00% Government Registered Development Stock, First Series 2009 – First tranche issue, with date of issue 9.1.2009 and maturity in five years.
The total value of the bids submitted was €327.243.100. The competitive bids amounted to €186.603.000 and the non-competitive bids to €140.640.100. The total value of bids accepted was €150.000.000. The competitive bids accepted amounted to €95.000.000 while the non-competitive bids accepted amounted to €55.000.000.
The lowest and highest prices of the competitive bids accepted were €101,10 and €102,00, respectively, for every €100 nominal value of Government Registered Development Stock, representing annual yields of 4,75% and 4,54%, respectively. In accordance with the published terms of the auction, non-competitive bids amounting to €55.000.000 were allotted at the weighted average price of the competitive bids accepted. This price was €101,33 per €100 nominal value representing an annual yield of 4,70%.