Government considers €1bn bond issue in 2018

21-12-2017 Business Mail BusinessMail Cool

Government considers €1bn bond issue in 2018

By Stelios Orphanides

The Public Debt Management Office (PDMO) said Thursday the government may issue a euro medium-term note (EMTN), or Eurobond, of up to €1bn next year.

The security is expected to cover up to two-thirds of the government’s financing needs next year, estimated to reach up to €1.5bn, the PDMO said in a statement on its website.

Treasury bills will cover up to one-quarter of the financing needs while retail bonds and bilateral loans will cover up to 8 per cent of the government’s financing each, the PDMO said.

According to the PDMO’s debt repayment...

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