Cyprus raises Euros 85 million in T-bill auction

Cyprus raised Monday Euros 85 mn in 13 Week Treasury Bills auction, with a weighted average yield of -0,14%.

As the Public Debt Management Office announced, during today’s 13 Week Treasury Bills Auction, tenders for a total nominal value of Euros 85 mn were submitted and have all been accepted with a weighted average yield of -0,14%. The accepted yields ranged between -0,11% and -0,18%.

Of the total offers received Euros 80 mn were competitive and Euros 5 mn non- competitive.

The issue date of the bills is 1 February 2019 and the maturity date 3 May 2019.

Source: Cyprus News Agency