Public Debt Management Office sells treasury bills at negative yield for seventh consecutive month

The Finance Ministry raised on Monday Euros 100 mn in a 13-week Treasury bills auction at a negative yield for the seventh consecutive month.

During today’s 13 Week Treasury Bills Auction, tenders for a total amount of Euros 218 mn were submitted, out of which, Euros 100 mn total nominal value have been accepted with a weighted average yield of -0,04% the Public Debt Management Office said in a press release.

The accepted yields ranged between -0,02% and -0,05%.

The comprehensive results of the auction are shown below:

Announced amount

Euros 100.000.000

Tenor

13 Weeks

Auction date

31 July 2017

Issue date

4 August 2017

Maturity date

3 November 2017

Total offers received:

Euros 218.000.000

Competitive Offers

Euros 133.000.000

Non-competitive Offers

Euros 85.000.000

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

-0.03% (100.0076)

Maximum yield

0,00% (100,00)

Minimum yield

-0,05% (100,0138)

Accepted Yields(prices in euros):

Weighted average yield

-0,04% (100,0094)

Maximum yield

-0,02% (100,0043)

Minimum yield

-0,05% (100,0138)

Source: Cyprus News Agency