The Public Debt Management Office, which operated under the Finance Ministry, has announced the results of a 13-week treasury bill auction, raising €50 million from investors.

The auction attracted total bids amounting to €89.7 million, indicating solid demand for short-term government securities.

Out of these offers, the authorities accepted bids with a total nominal value of €50 million, in line with the issuance target.

The auction recorded a weighted average yield of 2.05 per cent, reflecting prevailing market conditions.

A portion of €25 million was allocated to the Special Fund for Pension Benefits, at a weighted average price of 99.4839.

The remaining €25 million was allocated to private investors, demonstrating continued participation from the market.

Accepted yields ranged between 2.00 per cent and 2.07 per cent, indicating relatively tight pricing across bids.

The outcome highlights stable investor appetite for Cyprus government debt, particularly in short-duration instruments.

It also reflects consistent funding conditions for the state, supported by steady demand across institutional and private participants.