What is the significance of the 13-week Treasury Bills listed on the Cyprus Stock Exchange in Series 2024?

The 13-week Treasury Bills listed on the Cyprus Stock Exchange in Series 2024 are significant as they offer short-term, low-risk investment opportunities, enhancing liquidity and providing a benchmark for interest rates. They reflect investor confidence and play a crucial role in government financing.

Cyprus Stock Exchange Lists €16M Treasury Bills in Bond Market

Listing Details

The CSE has also accepted the simultaneous listing of these Treasury Bills in the Central Depository and Central Registry, in accordance with subsections (1) and (3) of Article 10 of the Cyprus Securities and Stock Exchange (Central Depository and Central Registry of Securities) Laws. The issue date for these securities is May 31, 2024.

The trading code for these securities, which will be listed on the Bond Market, is TB13C24, with the unique ISIN code CY0240920815. These Treasury Bills do not bear any interest. Trading will commence on Friday, May 31, 2024.

This move signifies a robust step in enhancing liquidity and providing more investment options within the Cyprus Stock Exchange. The listing of these Treasury Bills is expected to attract both local and international investors looking for short-term investment opportunities with a secure backing.

Market participants are advised to take note of the trading commencement date and the specific codes associated with this new listing. The CSE continues to expand its offerings, ensuring that it remains a pivotal platform for financial instruments in the region.

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Cyprus Stock Exchange Lists €16M Treasury Bills in Bond Market

Listing Details