Cyprus to tap markets with 30-year bond

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Cyprus to tap markets with 30-year bond
 © CyprusMail 2020
Cyprus will be tapping the markets, possibly on Wednesday, with 30-year and five-year bonds.

The bonds could be used for the early repayment of a €2.5bn loan from Russia, secured in 2011.

It would be the first time Cyprus issued a 30-year bond.

In a statement, the finance ministry said it has mandated Barclays, Deutsche Bank, Goldman Sachs International, J.P. Morgan, Morgan Stanley and Societe Generale to lead manage a EUR-denominated dual-tranche.

The deal comprises a December 2024 and a May 2049 fixed rate tranche.

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This article was automatically added to our system 23-4-2019

Cyprus to tap markets with 30-year bond

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