Cyprus to Tap Markets With its First-Ever 30-Year Bond

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Cyprus to Tap Markets With its First-Ever...
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The Headquarters of Cyprus’ Ministry of Finance in Nicosia. File photo

Cyprus has mandated investment banks to manage a double bond issue comprising a 5-year and a 30-year, euro-based bonds, the country’s Ministry of Finance announced on Tuesday.

This will be the first time Nicosia will borrow money on the international market for such a long duration.

Until now, the longest bond the Cypriot government had ever launched was one with a 15-year term.

Cyprus’ Finance Minister Harris Georgiades said that the Ministry is...

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Cyprus to Tap Markets With its First-Ever 30-Year Bond

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