articles | 16 April 2020

Cyprus raises €1.25b from 52-week treasury bills

The Republic of Cyprus raised € 1.25 billion Wednesday from the issue of 52-week treasury bills through private placement, with an annual yield of 0.50%.

“The purpose of this issue is to further strengthen the public liquidity reserves,” Minister of Finance, Constantinos Petrides, said in a written statement.

He added that a total of about €1.32 billion in bids were received, and €1.25 billion were accepted, as was the original goal.

He also noted that eight banking institutions participated in the process.

“The above successful issue of treasure bills, combined with the recent issuance of European bonds in the international market, demonstrates the trust with which both locals and international investors surround the Republic of Cyprus,” the Finance Minister concluded.

Source: In-Cyprus

Cooperation Partners
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus Shipping Chamber
  • Logo for Cyprus Investment Funds Association
  • Logo for CYFA Cyprus
  • Logo for Invest Cyprus
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Cyprus International Businesses Association