Yields unchanged as government sells 13-weeks T-bills

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By Stelios Orphanides

The Public Debt Management Office (PDMO) said on Monday that it sold €100m in 13-weeks treasury bills at an average rate of minus 0.4 per cent.

Total subscriptions amounted €173m, the PDMO said in an emailed statement.

When the government sold this type of security at an auction in July, the average yield was also minus 0.04 per cent.

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Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]