articles | 21 March 2024

Cyprus Stock Exchange introduces government bonds worth €25 million

The Cyprus Stock Exchange (CSE) on Thursday announced the introduction of 25,000 new government bonds by the Republic of Cyprus.

Specifically, the CSE confirmed its acceptance of the introduction of 25,000 Government Bonds of the 13 Weeks 1st Issue, Series 2024, in accordance with Article 58(1) of the Cyprus Securities and Stock Exchange Law. Each bond, with a nominal value of €1000, amounts to a total of €25 million. These bonds were derived from an auction conducted on March 15, 2024, and will be valid from March 22, 2024, to June 21, 2024.

The Stock Exchange added that it has also accepted the simultaneous introduction of these bonds to the Central Depository and Central Registry in accordance with the provisions of paragraphs (1) and (3) of Article 10 of the Cyprus Securities and Stock Exchange Laws. Their issuance date is March 22, 2024.

The trading code for the above titles to be introduced in the Bond Market will be GD13A24/TB13A24, with the unique ISIN code CY0240880811. These bonds do not bear interest. Trading will commence on Friday, March 22, 2024.

Source: Cyprus Mail

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