FinMin borrows 100 mn in treasury bills auction

The Public Debt Management Office announced that during a 13 Week Treasury Bills Auction on Monday, it accepted tenders of Euros 100 mn total nominal value with a weighted average yield of -0,26%.

The PDMO said that tenders of Euros 240 mn in total were submitted.

The accepted yields ranged between -0,24% and -0,28%.

The comprehensive results of the auction are shown below:

Announced amount

Euros 100.000.000

Tenor

13 Weeks

Auction date

30 April 2018

Issue date

4 May 2018

Maturity date

3 August 2018

Total offers received:

Euros 240.000.000

Competitive Offers

Euros 145.000.000

Non-competitive Offers

Euros 95.000.000

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

-0,24%

(100,0594)

Maximum yield

-0,17%

(100,0430)

Minimum yield

-0,28%

(100,0706)

Accepted Yields(prices in euros):

Weighted average yield

-0,26%

(100,0645)

Maximum yield

-0,24%

(100,0607)

Minimum yield

-0,28%

(100,0706)

Source: Cyprus News Agency