Cyprus 13-week T-Bills of Euros 100 million auctioned

Cyprus has auctioned 13-week Treasury Bills of a value of Euros 100 million.

According to a press release of the Public Debt Management Office tenders for a total amount of Euros 170 mn were submitted, out of which, Euros 100 mn total nominal value have been accepted with a weighted average yield of -0.22%.

The accepted yields ranged between -0.20% and -0.24%.

The comprehensive results of the auction below:

Announced amount

Euros 100,000,000

Tenor

13 Weeks

Auction date

30 July 2018

Issue date

3 August 2018

Maturity date

2 November 2018

Total offers received:

Euros 170,000,000

Competitive Offers

Euros 107,000,000

Non-competitive Offers

Euros 63,000,000

Total nominal value of accepted offers:

Euros 100,000,000

Competitive Offers

Euros 75,000,000

Non-competitive Offers

Euros 25,000,000

Offered yields(prices in euros):

Weighted average yield

-0.21%

(100.0538)

Maximum yield

-0.15%

(100.0379)

Minimum yield

-0.24%

(100.0607)

Accepted Yields(prices in euros):

Weighted average yield

-0.22%

(100.0561)

Maximum yield

-0.20%

(100.0506)

Minimum yield

-0.24%

(100.0607)

Source: Cyprus News Agency