Cyprus issues €50 million 1-month T-bills
- DATE: May 17, 2015
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- CATEGORY: FINANCE
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- AUTHOR: OPulse Admin
The Public Debt Management Office (PDMO) on Thursday announced the sale of €50 million of 30-day treasury bills at a weighted average rate of 1.81 per cent.
In a statement, the PDMO said total offers received were €76.1 million, of which €70 million were made in a competitive bidding process, and €6.1 million were non-competitive bids.
Offers of €50 million were accepted, according to the statement, €43.84 million in competitive bids and €6.16 million in non-competitive ones.
Return to investors on this short-term debt ranged from 1.94 to 1.70 per cent, for a weighted average of 1.81 per cent.
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