PDMO sells €100m in 13-week t-bills at -0.12%

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By Stelios Orphanides

The government sold at an auction on Monday €100m in 13-week treasury bills at an average yield of minus 12 per cent, the lowest value ever, the Public Debt Management Office said.

Total subscriptions reached €332m, the PDMO, division of the Ministry of Finance said in an emailed statement.

The previous lowest average yield was the minus 0.1 per cent of the November 27, 2017, auction.

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