Auction for 13 week T-Bills attracts tenders worth Euros 85 mln

Tenders worth Euros 85 mln were accepted during today’s 13 Week Treasury Bills Auction with a weighted average yield of -0,22%, the Finance Minitsry’s Public Debt Management Office announced.

The auction’s announced amount was for Euros 100,000.000. Tenders were submitted for a total nominal value of Euros 90 mln. The accepted yields ranged between -0,20% and -0,24%, it is noted.

The issue date of the 13 Week Treasury Bills is 2 November 2018, which mature on 1 February 2019.

From the offers that have been accepted, Euros 75,000,000 are competitive and Euros 10,000, 000 non-competitive offers.

Source: Cyprus News Agency