Cyprus raises €1.75 bln, seeks another €1.25 bln

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Cyprus raises €1.75 bln, seeks another €1.25 bln
 © FinancialMirror 2020

Cyprus has issued two new benchmark-sized Euro Medium-Term Notes for a total amount of €1.75 bln, adding to the state’s liquidity and capability to support the local economy during the coronavirus crisis.

Nicosia will be looking to draw another €1.25 bln from local banks on next week, by issuing local bonds with a maturity between a few months and three years.

Cyprus’ newest bonds come at a high cost as interest rates on the two EMTNs are higher than previous issues.

The 7-year bond amounting...


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This article was automatically added to our system 8-4-2020

Cyprus raises €1.75 bln, seeks another €1.25 bln


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