Auction Result of Treasury Bills with 52 Weeks Maturity issued on 29/03/2004

An auction was held on 29.3.2004 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 Treasury Bills with date of issue 29.3.2004 and 52 weeks maturity.

Only competitive bids were submitted which amounted to £15.000.000 and were all accepted at the price of £958,15 for every £1.000 nominal value of Treasury Bills, representing an annual yield of 4,38%.