CYPRUS: €120 mln 13-week T-bills auction yields 0.48%

The Public Debt Management Office sold a total of EUR 120 mln in 13-week Treasury Bills at an auction on Monday.

 
The issue was oversubscribed, while the average yield was substantively lower than the yield at the previous auction in November, when a total of EUR 100 mln were sold.
A PDMO announcement said that “during today’s 13 Week Treasury Bills Auction, tenders for a total amount of approximately EUR 224.9 mln were submitted, out of which EUR 120 mn total nominal value have been accepted with a weighted average yield of 0.48%. The accepted yields ranged between 0.24% and 0.55%”.
The accepted yields ranged between 0.53% – 0.70%, it said.