CYPRUS: 30-day T-bills oversubscribed, yield at 1.81%

The Public Debt Management Office of the Ministry of Finance announced that the auction on Thursday of €50 mln 30-day Treasury Bills was oversubscribed by about 1.5 times.
In all, bids worth €76.1 mln were received for the T-Bills, with an issue date of May 18 and listing on the CSE and maturity of June 17.
The yields on the submitted bids were 1.70 – 1.94%, for an average yield of 1.81%.