Local
articles | 30 September 2016

Cyprus raises €35.5m from six-year bonds

The Cyprus Finance Ministry has successfully raised €35,54 million, afterissuing the 10th series of a six-year bond for natural persons.

The Public Debt Management Office announced recently it received 66 applications for a total amount of €35,538,600, on September 20, 2016 when the period for submitting applications terminated. The entire amount was accepted.

From the total applications, 53 were submitted by Cypriot and 13 from foreign investors. The values of applications ranged from €4,000 to € 2,500,000. Foreign investors applied for bonds worth of €32,500,000.

The Public Debt Management Office said that the issue of six-year bonds of the Republic of Cyprus for natural personswould continue with the 11th series on November 1, 2016.

Investors can apply from October 3 to 20 2016.

Source: Cyprus Mail

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