Cyprus pays off bailout loan after historic double bond issue

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Cyprus pays off bailout loan after historic...
 © FinancialMirror 2020
Cyprus has paid off early an International Monetary Fund loan that was part of a €10 bln rescue package in 2013 from lenders to save the island’s banking system.

Finance Minister Constantinos Petrides said the loan’s early repayment would bolster the country’s credibility in the eyes of investors and improve its ability to raise money directly from international markets.

“Our target is to secure our country’s stability and growth perspective,” Petrides said in a statement.

Cyprus was able to repay the loan via a low-interest double bond issue...


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This article was automatically added to our system 15-1-2020

Cyprus pays off bailout loan after historic double bond issue


The contents of this article including any associated images are © FinancialMirror 2020
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