An auction was held on 14.1.2009 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, Second Series 2009 – First tranche issue, with the discretion of the Minister of Finance to increase the offered amount up to an additional €100.000.000.
The total value of the bids submitted was €177.933.300. The competitive bids amounted to €97.550.000 and the non-competitive bids to €80.383.300. The total value of bids accepted was €165.183.300. The competitive bids accepted amounted to €84.800.000 while the non-competitive bids accepted amounted to €80.383.300.
The lowest and highest prices of the competitive bids accepted were €100,65 and €101,35, respectively, for every €100 nominal value of Government Registered Development Stock representing annual yields of 4,85% and 4,69%, respectively. In accordance with the published terms of the auction, non-competitive bids amounting to €80.383.300 were allotted at the weighted average price of the competitive bids accepted. This price was €100,99 per €100 nominal value representing an annual yield of 4,77%.