State borrows Euros 82,4 mn at a negative yield

The Public Debt Management Office announced that the state has borrowed Euros 82,4 mn in a 13-week Treasury Bills Auction on Monday, at a negative yield.

During today’s 13 Week Treasury Bills Auction, tenders for a total nominal value of Euros 82,4 mn were submitted and have all been accepted with a weighted average yield of -0,09% said the PDMO announcement.

The accepted yields ranged between -0,04% and -0,14%.

The comprehensive results of the auction are shown below:

Announced amount

Euros 100.000.000

Tenor

13 Weeks

Auction date

25 February 2019

Issue date

1 March 2019

Maturity date

31 May 2019

Total offers received:

Euros 82.400.000

Competitive Offers

Euros 80.000.000

Non-competitive Offers

Euros 2.400.000

Total nominal value of accepted offers:

Euros 82.400.000

Competitive Offers

Euros 80.000.000

Non-competitive Offers

Euros 2.400.000

Offered yields(prices in euros):

Weighted average yield

-0,09%

(100,0233)

Maximum yield

-0,04%

(100,0366)

Minimum yield

-0,14%

(100,0100)

Accepted Yields(prices in euros):

Weighted average yield

-0,09%

(100,0233)

Maximum yield

-0,04%

(100,0366)

Minimum yield

-0,14%

(100,0100)

Source: Cyprus News Agency