Nicosia, Cyprus. The Public Debt Management Office under the Finance Ministry announced the results of a 13-week treasury bill auction, raising €50 million. Total bids reached €89.7 million.
Auction demand and allocations
Authorities accepted bids with a total nominal value of €50 million, matching the issuance target. A portion of €25 million was allocated to the Special Fund for Pension Benefits at a weighted average price of 99.4839, while the remaining €25 million was allocated to private investors.
Pricing and yields
The auction recorded a weighted average yield of 2.05 per cent. Accepted yields ranged between 2.00 per cent and 2.07 per cent.
Market participation
The outcome highlighted stable investor appetite for Cyprus government debt, particularly in short-duration instruments, and reflected consistent state funding conditions supported by demand from institutional and private participants.
What do you think the auction results indicate about demand for short-term Cyprus government securities?