TWO YEARS
An auction was held on July 7, 2006 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to CYP 50,000,000 3.75% Government Registered Development Stock with date of issue July 11, 2006 and maturity in two years.
The total value of the bids submitted was CYP 142,328,600. The competitive bids amounted to CYP 136,000,000 and the non-competitive bids to CYP 6,328,600. The total value of bids accepted was CYP 50,000,000. The competitive bids accepted amounted to CYP 43,671,400 while the non-competitive bids accepted amounted to CYP 6,328,600.
The lowest and highest prices of the competitive bids accepted were CYP 100.20 and CYP 100.67, respectively, for every CYP 100 nominal value of Government Registered Development Stock, representing annual yields of 3.65% and 3.40%, respectively.
In accordance with the published terms of the auction, non-competitive bids amounting to CYP 6,328,600 were allotted at the weighted average price of the competitive bids accepted. This price was CYP 100.45 per CYP 100 nominal value representing an annual yield of 3.51%.
10 YEARS
An auction was held on July 7, 2006 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to CYP 60,000,000 4.50% Government Registered Development Stock with date of issue July 11, 2006 and maturity in ten years.
The total value of the bids submitted was CYP 74,001,000. The competitive bids amounted to CYP 69,095,000 and the non-competitive bids to CYP 4,906,000. The total value of bids accepted was CYP 60,000,000. The competitive bids accepted amounted to CYP 55,094,000 while the non-competitive bids accepted amounted to CYP 4,906,000.
The lowest and highest prices of the competitive bids accepted were CYP 100.64 and CYP 103.67, respectively, for every CYP 100 nominal value of Government Registered Development Stock, representing annual yields of 4.42% and 4.05%, respectively.
In accordance with the published terms of the auction, non-competitive bids amounting to CYP 4,906,000 were allotted at the weighted average price of the competitive bids accepted. This price was CYP 101.80 per CYP 100 nominal value representing an annual yield of 4.28%.
13 WEEKS
An auction was held on July 7, 2006 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to CYP 75,000,000 Treasury Bills with date of issue 10.7.2006 and 13 weeks maturity.
The total value of the bids submitted was CYP 211,530,000. The competitive bids amounted to CYP 210,000,000 and the non-competitive bids to CYP 1,530,000. The total value of bids accepted was CYP 75,000,000. The competitive bids accepted amounted to CYP 73,470,000 while the non-competitive bids accepted amounted to CYP 1,530,000.
The lowest and highest prices of the competitive bids accepted were CYP 993.59 and CYP 993.93 respectively for every CYP 1,000 nominal value of Treasury Bills, representing annual yields of 2.59% and 2.45% respectively.
In accordance with the published terms of the auction, non-competitive bids amounting to CYP 1,530,000 were allotted at the weighted average price of the competitive bids accepted. This price was CYP 993.66 per CYP 1,000 nominal value representing an annual yield of 2.56%.
53 WEEKS
An auction was held on July 7, 2006 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to CYP 75,000,000 Treasury Bills with date of issue July 10, 2006 and 52 weeks maturity.
The total value of the bids submitted was CYP 244,628,000. The competitive bids amounted to CYP 241,000,000 and the non-competitive bids to CYP 3,628,000. The total value of bids accepted was CYP 75,000,000. The competitive bids accepted amounted to CYP 71,372,000 while the non-competitive bids accepted amounted to CYP 3,628,000.
The lowest and highest prices of the competitive bids accepted were CYP 971.17 and CYP 974.25 respectively for every CYP 1,000 nominal value of Treasury Bills, representing annual yields of 2.98% and 2.65% respectively.
In accordance with the published terms of the auction, non-competitive bids amounting to CYP 3,628,000 were allotted at the weighted average price of the competitive bids accepted. This price was CYP 971.98 per CYP 1,000 nominal value representing an annual yield of 2.89%. (Source: Central Bank of Cyprus)
