An auction was held on 23.6.2008 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to €100.000.000 4,50% Government Registered Development Stock, First Series 2008 – First tranche issue, with date of issue 25.6.2008 and maturity in five years.
The total value of the bids submitted was €11.389.000. The competitive bids amounted to €8.325.000 and the non-competitive bids to €3.064.000.
None of the bids submitted was accepted.