Eurivex Treasury Bills
The Eurozone and Cyprus government primary bond auctions for Treasury Bills of 13 weeks maturity provide a very satisfactory return compared to fixed deposit interest offered by the banks.
During the auction held in October 2023 for the 13 Week Treasury Bills (T-bills) Auction, the average yield hit 4.05% according to Cyprus Public Debt Management Office. This is the result of the primary auction, for which a minimum bid of €500,000 is required for participation. Thereafter, people can purchase such T-Bills through the secondary market on the Cyprus Stock Exchange. However, since there is huge demand for such short-term T-bills, there is hardly any trades transacted on the secondary market, investors with small amounts seldom manage to buy the T-bills at the initial rate and are obliged to pay a high margin.
An investor who wishes to invest in such Eurozone and Cyprus Cyprus government bonds may consider purchasing fixed bonds issued by Eurivex. The bonds carry a fixed rate of return of 4.00% and investors can purchase from as little as €1,000.
The difference in the rate of return is the risk that Eurivex takes for participating in the auction for the minimum €500,000 and waiting until investor funds are collected, as well as its profit margin.