The government saw its borrowing cost drop recently when it sold a total of €100m in 13-week treasury bills at an average yield of 0.72%, the Public Debt Management Office said.
The issue was oversubscribed by 159% with overall bids reaching €258.9m, the PDMO, a division of the Finance Ministry, said in a statement on its website.
On May 30, the previous time the government issued this type of security, it tapped a total of €130.7m at an average yield of 0.89%.
Source: Cyprus Mail
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Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
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