Government auctions 13 week T-Bills of Euros 100 million

Thirteen week T-Bills of a value of Euros 100 million, were auctioned today by the Ministry of Finance, with an average yield of -0.25%.

“During today’s 13 Week Treasury Bills Auction, tenders for a total amount of Euros 280 mn were submitted, out of which, Euros 100 mn total nominal value have been accepted with a weighted average yield of -0.25%”, a Public Debt Management Office press release issued here today says.

It adds that “the accepted yields ranged between -0.23% and -0.26%.”

The auctions comprehensive results follow:

Announced amount

Euros 100,000,000

Tenor

13 Weeks

Auction date

4 April 2018

Issue date

13 April 2018

Maturity date

13 July 2018

Total offers received:

Euros 280,000,000

Competitive Offers

Euros 110,000,000

Non-competitive Offers

Euros 170,000,000

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%

(100.0601)

Maximum yield

-0.19%

(100.0480)

Minimum yield

-0.26%

(100.0660)

Accepted Yields(prices in euros):

Weighted average yield

-0.21%

(100.0632)

Maximum yield

-0.19%

(100.0592)

Minimum yield

-0.22%

(100.0660)

Source: Cyprus News Agency