Cyprus Mail
Business

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.

CNA

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