New Issuance Of Treasury Bills With The Incentive Of Significantly Higher Returns Than Deposits
Strong Investment Interest Expected Once Again – Sophic Platform Intends To Acquire Part Of The Issuance
On Monday, March 17, 2025, a new issuance of Cyprus Government Treasury Bills will take place. The 13-week Treasury Bills (T-Bills), maturing on June 20, 2025, are expected to attract significant demand once again.
Investments in T-Bills have been drawing increasing interest from both individuals and businesses. Notably, in the most recent T-Bill auction for €50 million, submitted bids reached €122 million, with a weighted average yield of 2.48%. According to data published by the Central Bank of Cyprus, in January, the interest rate for household time deposits of up to one year dropped to 1.34%, compared to 1.79% in the previous month. The yield of T-Bills remains significantly higher than the returns offered by Cypriot banks on deposits.
Sophic, the innovative investment platform provided by Athlos Capital, intends to secure part of the issuance to make T-Bills available to its clients, as it has done with previous issuances. T-Bills offer attractive returns and serve as a safe haven for non-professional investors and businesses looking to manage their available liquidity in the best possible way. Cypriot T-Bills are among the most popular financial instruments available through Sophic, often selling out within a few days of becoming available.