Cyprus Mail

Demand for Cypriot 7-year bond pushes yields below 4%

By Stelios Orphanides

Cyprus bond yields in the secondary market continue to fall with the 7-year security issued a week ago trading at 16 basis points below the average yield it got on the issuance day, according to a Bank of Cyprus document obtained by the Cyprus Business Mail.

The price of the 7-year bond maturing on May 6, 2022, with a 3.875 per cent coupon annual interest rate rose to 100,225 euros, which translates to a 3.838 per cent yield on the secondary market, the document said. Another Cypriot government bond maturing in February 2020 saw its yield drop to 3.285 per cent, compared with 3.45 per cent two weeks ago.

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