CYPRUS: €100 mln 13 week T-Bills yield 0.04%

The auction for EUR 100 mln in 13-week treasury bills yielded 0.04%, according to the Finance Ministry’s Public Debt Management Office.

 
Tenders for a total amount of EUR 313 mln were submitted on Tuesday, during a 13 Week Treasury Bills Auction, with the PDMO saying that it accepted tenders amounting to EUR 100 mln total nominal value, with a weighted average yield of -0.040%.
The PDMO added that the accepted prices ranged between 100,0030 – 100,0164, with corresponding yields from -0.010% to -0.060%.
The T-Bills with issue date February 28 mature on June 2. From the total, EUR 208 mln were competitive offers and EUR 105 mln non-competitive offers. Eventually, EUR 75 mln competitive offers and EUR 25 mln non-competitive offers were accepted by the PDMO.