Government receives offers of €397 mn for 13 Week Treasury Bills

The Public Debt Management Office announced that during the recent 13 Week Treasury Bills Auction, tenders for a total amount of approximately €397 million were submitted, out of which, €100 million total nominal value have been accepted with a weighted average yield of 0.17%.

For the Bills, with issue date 2 December 2016 and maturity date 3 March 2017, were received €193 million competitive offers and €204 million non-competitive offers. Total nominal value of accepted offers was €75 million competitive offers and €25 non-competitive.

The accepted yields ranged between 0.13% - 0.21%. The weighted average yield was 0.17%.

Source: Famagusta Gazette