Cyprus Mail

Bank of Cyprus in London roadshow, mulls bond issue to replace ELA

Exact charges and against whom are set to be decided today around lunchtime

By Stelios Orphanides

Bank of Cyprus is seeking to get “a feeling” on how investors in London would react to a possible security issue which would help the lender repay its outstanding emergency liquidity to the European Central Bank, a bank source said.

“Officials are in London for a non-deal roadshow,” the source said on condition of anonymity. “So far no decision has been taken on whether any security will be issued”.

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