Cyprus preparing to tap international markets after early repayments

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Cyprus preparing to tap international markets...
 © In-Cyprus 2020
Cyprus is preparing to tap the markets with a new euro-denominated bond issue, the Finance Ministry has said.

In a statement the Finance Ministry said “the Republic of Cyprus, rated BBB- (stable) by Standard and Poor’s, Ba2 (stable) by Moody’s, BBB- (stable) by Fitch and BBBL (stable) by DBRS, has mandated CITI, GOLDMAN SACHS INTERNATIONAL and HSBC to arrange a series of fixed income investor meetings”.

“A EUR-denominated Reg S only (registered form) transaction is expected to follow subject to market conditions,” the MoF said.

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Cyprus preparing to tap international markets after early repayments


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Article Tags: cyprus, preparing, international, markets, after, early, repayments,