Cyprus issues €850-million bond
- DATE: Jun 22, 2017
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- CATEGORY: FINANCE
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- AUTHOR: Elena Economou
Cyprus issued on Tuesday a 7-year EMTN bond amounting to 850 million euros, according to a lead managers press release.
The coupon was set to 2.7% and the yield to 2.8%, the release added.
Total bids amounted to €3.7 billion.
The Finance Ministry said in a statement issued on Monday that it intends to utilize this issuance to buyback three EMTN bonds maturing in 2019 and 2020 with a face value of €1.4 billion with a higher yield.
So far there was no information concerning the amount of bonds to be repurchased.
Sourse: Stockwatch
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