13-week T-Bills yield 2.96%
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.