Cyprus Mulls Selling Bond to Pay Russian Loan Off Early

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Cyprus Mulls Selling Bond to Pay Russian Loan...
 © The National Herald 2019
Eight years after Cyprus – then shut out of the markets and two years later getting a 10-billion euro ($11.31 billion) international bailout – needed a 1.57 billion ($1.78 billion) loan from Russia, the government is said to be looking at selling a bond to repay it early.

The loan was requested by then-President Demetris Christofias, a Communist with close Russian ties, as he wanted to avoid asking the European Union and Washington, D.C.-based International Monetary Fund (IMF) which put up a 2013 rescue package.

Finance Minister Haris Georgiades, who...


This article was automatically added to our system 17-4-2019

Cyprus Mulls Selling Bond to Pay Russian Loan Off Early


The contents of this article including any associated images are © The National Herald 2019
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Article Tags: cyprus, mulls, selling, russian, early,