The government offers an interest rate of 4.77% in the 5-year Registered Development Stock that were in auction today.

According to a CB announcement, “the total value of the bids submitted was €177.933.300. The competitive bids amounted to €97.550.000 and the non-competitive bids to €80.383.300. The total value of bids accepted was €165.183.300. The competitive bids accepted amounted to €84.800.000 while the non-competitive bids accepted amounted to €80.383.300”.

“The lowest and highest prices of the competitive bids accepted were €100,65 and €101,35, respectively, for every €100 nominal value of Government Registered Development Stock representing annual yields of 4,85% and 4,69%, respectively. In accordance with the published terms of the auction, non-competitive bids amounting to €80.383.300 were allotted at the weighted average price of the competitive bids accepted. This price was €100,99 per €100 nominal value representing an annual yield of 4,77%”, the announcement said.