articles | 07 October 2016

Cyprus Finance Ministry issues 6 year T-bills

The Public Debt Management Office of the Ministry of Finance announced recently that it issued 6 year Treasury Bills for natural persons, of a total value of €5 million, but accepted 8 tenders of a total value of €364,000.

According to the announcement 11 tenders for the total amount of €7,864,000 were received. It is further clarified that three tenders were submitted by foreign investors. Out of the total amount tendered for the T-bills, €7.5 million were submitted by foreign investors.

The value of tenders ranged between €4,000 to €2,500,000.

Six year T-bills for natural persons which mature in 2022, of up to €2,000,000 will be issued on December 1st 2016, while the period for tenders to be submitted will be from November 1st to 18th, the public debt management office said.

Source: InCyprus

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