Cyprus auctions 13-week T-Bills of €100 million

Cyprus auctioned on Monday 13-week Treasury Bills amounting €100 million with an average negative yield of 0.19%, the Finance Ministry’s Public Debt Management Office (PDMO) has said.

In a press release, the PDMO said that during the auction, tenders for a total nominal value of appr. €158 mn were submitted out of which, €100 mn total nominal value have been accepted with a weighted average yield of -0.19%.

The accepted yields ranged between -0.21% and -0.18%, the PDMO added.

Their maturity date is February 28, 2020.