CYPRUS: 13-week T-Bills yield 2.96%; next auctions

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: 13-week T-Bills;
9/6: 26-week T-Bills;
12/6: 30-day T-Bills.