An auction was held on 9.12.2009 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to €300.000.000 Treasury Bills with date of issue 11.12.2009 and 52 weeks maturity.

The total value of the bids submitted was €524.000.000.  The competitive bids amounted to €506.000.000 and the non-competitive bids to €18.000.000.  The total value of bids accepted was €298.000.000. The competitive bids accepted amounted to €280.000.000 while the non-competitive bids accepted amounted to €18.000.000.

The lowest and highest prices of the competitive bids accepted were €983,20 and €985,55 respectively for every €1.000 nominal value of Treasury Bills, representing annual yields of 1,69% and 1,45% respectively. The weighted average price of the competitive bids accepted was €984,91 per €1.000 nominal value representing an annual yield of 1,52%.