Cyprus prepares to tap international markets...
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Cyprus prepares 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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