The Public Debt Management Office on Wednesday announced that it accepted offers totalling a nominal value of €25 million at the 13-week Treasury Bills auction held on June 16, 2025.

Total bids submitted amounted to €51.75 million, while the average weighted yield for the accepted bids was 1.98 per cent.

The accepted yields ranged between 1.96 per cent and 2.00 per cent.

The Cyprus Stock Exchange has previously announced that it had accepted the new government treasury bills for trading.

Specifically, 25,000 treasury bills with a nominal value of €1,000 each have been introduced to the market.

These are 13-week treasury bills, sixth issue, series 2025, covering the period from June 20, 2025, to September 19, 2025.

The total value of the bills amounts to €25 million. The Stock Exchange stated that these bills were issued following the auction held on June 16, 2025.

It also accepted their simultaneous entry into the central depository and central registry.

Trading of these bills is scheduled to begin on Friday, June 20, 2025.

The announcement also mentioned that the treasury bills do not carry an interest rate.

Although the treasury bills carry no interest payments, investors earn a return by purchasing them at a discount to their nominal value.

The yield reflects this difference between the purchase price and the amount repaid at maturity.