13-week T-Bills yield 2.96%

Financial Mirror (Cyprus) - - FRONT PAGE -

The gov­ern­ment ac­cepted bids worth 125 mln eu­ros for its 13-week Trea­sury Bills dur­ing an auc­tion on Tues­day, with an av­er­age yield of 2.96%.

The Public Debt Man­age­ment Of­fice at the Min­istry of Fi­nance said that the auc­tion was over­sub­scribed 1.67 times as it had re­ceived a to­tal of 209 mln eu­ros of bids, of which 175.7 mln eu­ros were com­pet­i­tive of­fers and 33.2 mln un­com­pet­i­tive, with an av­er­age weighted yield of 3.11% (2.75% - 3.50%).

The T-Bills will be listed on the Cyprus Stock Ex­change on Fri­day, Fe­bru­ary 6. The next auc­tions, ac­cord­ing to the PDMO, are: 3/3: 13-week T-Bills; 2/4: 13-week T-Bills; 15/4: 30-day T-Bills; 5/5: 13-week T-Bills; 14/5: 30-day T-Bills; 2/6: 13week T-Bills; 9/6: 26-week T-Bills; 12/6: 30-day T-Bills.

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