FinMin auctions 13 week T-Bills of Euros 100 million

The Ministry of Finance has auctioned 13 week Treasury Bills of a value of Euros 100 million, with an average yield of 0.47%.

In a press release the Public Debt Management Office announced that during the 13 Week Treasury Bills Auction,on Tuesday, “tenders for a total amount of approximately Euros 302 mn were submitted, out of which, Euros 100 mn total nominal value have been accepted with a weighted average yield of 0.47%.”

“The accepted yields ranged between 0.42% – 0.53%,” the press release adds.

Source: Cyprus News Agency