Cyprus Mail

Yields drop sharply as government sells €100m in 13-weeks t-bills

Cypriot authorities have shown commitment to the troika-supported adjustment programme, DBRS said

By Stelios Orphanides

The public debt management office, a division of the finance ministry, said that the government sold €100m in 13-week treasury bills at an average yield of 1.17 per cent, which reflects a considerable drop in borrowing costs for the government.

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