An auction was held on 14.7.2003 for the sale by the Central Bank of
The total value of the bids submitted was £33.245.000. The competitive bids amounted to £28.000.000 and the non-competitive bids to £5.245.000. The total value of bids accepted was £30.245.000. The competitive bids accepted amounted to £25.000.000, while the non-competitive bids accepted amounted to £5.245.000.
The lowest and highest prices of the competitive bids accepted were £965,00 and £965,20 respectively for every £1.000 nominal value, representing annual yields of 3,65% and 3,63% respectively. In accordance with the published terms of the auction non‑competitive bids amounting to £5.245.000 were accepted at the weighted average price of the accepted competitive bids. This price was £965,12 per £1.000 nominal value representing an annual yield of 3,63%.