Co-op buys €3.2bn in government bonds, sells back April issue

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Co-op buys €3.2bn in government bonds, sells...
 © BusinessMail 2018
By Stelios Orphanides

The government issued on Friday €3.2bn in bonds in favour of the Cyprus Cooperative Bank with a maturity of 5 months to 53 months, the Public Debt Management Office (PDMO) said.

The issue, completed via private placement, includes a €500m bond maturing on December 17, 2018, carrying an interest rate of 1.9 per cent, a €750m bond with a 2.5 rate maturing on December 16, 2019, and a €750m bond with a 2.75 per cent rate maturing on December 15, 2020, the PDMO said in a statement on its website on Monday.

The state-owned bank, which a month ago...


This article was automatically added to our system 16-7-2018

Co-op buys €3.2bn in government bonds, sells back April issue


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