An auction was held on 19.11.2003 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of upto £30.000.000 3,75% Government Registered Development Stock with date of issue 20.11.2003 and maturity in two years.
The total value of the bids submitted was £1.000.000 all of which were competitive. All bids submitted were accepted.
The weighted average price of the accepted competitive bids was £99,72 per £100 nominal value representing an annual yield of 3,90%.