CYPRUS: 13-week T-Bill oversubscribed, yield avg. 2.84%

The Public Debt Management Office of the Ministry of Finance announced that Tuesday’s 13-week Treasury Bills auction for €200 mln was oversubscribed.
It said tenders for a total amount of €321.7 mln were submitted, out of which, €200 mln total nominal value have been accepted with a weighted average yield of 2.84%.
The accepted yields ranged between 2.50-2.95%, the PDMO said. The offered yields ranged 2.50-3.15% for an average 2.93%.
The issue date of the T-Bills is March 6.