The Cyprus Stock Exchange (CSE) has announced the listing of new Treasury Bills, with a total value of €50 million. This significant financial move follows an auction held earlier this week, showcasing the government’s ongoing efforts to engage the domestic market.
Details of the New Treasury Bills
In a recent announcement, the CSE confirmed the admission of 50,000 Treasury Bills, each with a nominal value of €1,000. This issuance corresponds to the fifth issue of the 2026 series, a strategic component of the Republic of Cyprus’ short-term borrowing programme.
Timeline and Trading Information
The Treasury Bills are set to cover the period from May 29, 2026, to August 28, 2026. The auction that led to this issuance took place on May 25, 2026. Notably, these securities will be traded on the exchange’s bond market under the trading code TB13E26, with trading expected to commence on May 29, 2026.
Issuance Characteristics
These Treasury Bills do not carry an interest rate, aligning with their structure as short-term government debt instruments issued at a discount. Additionally, the issuance comes with the ISIN code CY0241450812, ensuring proper identification within the securities market.
Regulatory Compliance
The CSE’s approval of this listing adheres to the provisions set out in Article 58(1) of the Cyprus Securities and Cyprus Stock Exchange Law. The Treasury Bills will also be simultaneously admitted to the Central Depository and Central Registry, fulfilling all necessary regulatory requirements.
Government’s Borrowing Strategy
This issuance is part of the Republic of Cyprus’ broader strategy to raise liquidity from the domestic market through Treasury Bill auctions. By actively engaging in such financial instruments, the government aims to maintain a robust fiscal position and manage short-term funding needs effectively.
