Cyprus PDMO issues €75 ml in 13-week T-bills with negative yield

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Cyprus Finance Ministry issued on Monday 13-week Treasury Bills amounting to €75 million with an average yield of 0.08% the Public Debt Management Office (PDMO) has said. According to PDMO data, the issuance was oversubscribed by 2.4 times, as total offers amounted to €178.5 million compared to the announced amount of €75 million.The PDMO accepted offers totaling €75 mn in nominal value with a weighted average yield of -0,08, with the accepted yields ranging between -0,09% and -0,07%.  Of the total offers …

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