Cyprus Mail

Bond issue may not await Fitch report

Finance Minister Harris Georgiades: solution will boost investments

By Stelios Orphanides

Finance minister Haris Georgiades said he might not wait for a rating action by Fitch Ratings, expected at the end of next week, before testing the markets for the third time as his ministry is already carrying out road-shows abroad.

The ministry may instead rely on “sounding out” investors to determine the “market impact” of the new debt issue, Georgiades said in a telephone interview on Thursday. He neither specified its amount and maturity nor the exact time of the issue.

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