CYPRUS: €100 mln raised in 13-week T-bills, yield at -0.01%

The government of Cyprus raised EUR 100 mln in a treasury bills auction on Monday the Public Debt Management Office of the Ministry of Finance announced.

The auction was three times oversubscribed.
“During today’s 13-week Treasury bills auction, tenders for a total amount of EUR 324 mln were submitted, out of which, EUR 100 mln total nominal value have been accepted with a weighted average yield of -0.01%.”
“The accepted prices ranged between 100.0000 to 100.0036 with corresponding yields from 0.00% to -0.06%,” the PDMO added. The maximum offered yield was 0.10%.