CYPRUS: 13-week T-bills oversubscribed, yield at 1.58%

The weighted average yield during Friday’s 13-week Treasury Bills auction was 1.58%, with the issue four times oversubscribed, according to the Public Debt Management Office.
The Finance Ministry’s PDMO said that tenders for a total amount of EUR 412 mln were submitted, out of which, 100 mln had been accepted with a weighted average yield of 1.58% based on a range of 1.50%-1.64%.