Government to tap markets with 7-year bond, ministry says

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Government to tap markets with 7-year bond,...
 © CyprusMail 2017
The Finance Ministry said that it intends to issue a 7-year government euro denominated bond “in the near future depending on market conditions,” and use receipts to buy back outstanding securities.

The securities in question are three bonds, one at a coupon rate of 4.75 per cent maturing on June 25, 2019, another at a 4.625 per cent rate maturing on February 3, 2020 and the third at a rate of 6.5 per cent maturing on May 2, 2020, the finance ministry said in an emailed statement on Monday. The nominal value of the three securities is €566m, €566m and €80m respectively.

The underwriters of...


Government to tap markets with 7-year bond, ministry says


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