Cyprus Mail

Finance ministry’s issue of six-year bonds oversubscribed

Finance minister Harris Georgiades

The finance ministry has successfully raised €52.5 million, after a €10-million, six-year bond, issued for natural persons, was oversubscribed by more than five times.

The Public Debt Management Office announced that it received 87 applications for a total amount of €52,509,400.

Sixty-seven applications were from Cypriots and twenty from foreign investors.

Foreign investors applied for bonds worth of €46,550,000.

The Public Debt Management Office said that the issue of six-year bonds of the Republic of Cyprus for natural persons will continue with the ninth series on September 1.

Investors can apply from August 1-19.


Related posts

New horizons for Cyprus shipping

CM Guest Columnist

Digital economy in Cyprus has a long way to go

CM Guest Columnist

China says will work with the US to address each other’s core concerns

Reuters News Service

Cyprus and Slovenia pledge to enhance economic cooperation

Changes to pay policies in Cyprus’ banks ‘inevitable’, BoC chief says (Updated)

Staff Reporter

Multilateral cooperation driving change says minister