Interest in bonds shows confidence of international markets in Cyprus
Cyprus on Tuesday raised €1bn after it re-opened bonds due in 2024 and 2040 in a bid to absorb cheaper cash to repay more costly...
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Coronavirus: Cyprus will have to raise its own funds to cover economic measures
Cyprus would have to rely on itself for raising funds for its economic measures as the Eurogroup meeting that concluded on Thursday night decided to...
Our View: Success shows bond issue well timed
Although news of the government’s bond issue had been met with some disparaging remarks in some quarters, it proved a resounding success. The government raised...
Cyprus raises €1.75bn though issuing bonds
Cyprus raised €1.75bn through a seven-year and 30-year bond issuance on Tuesday, boosting liquidity as it seeks to buffer the fallout out of the coronavirus...
Finance minister satisfied over double bond issuance
Finance Minister Constantinos Petrides said on Tuesday he was satisfied with the double bond issuance which will meet Cyprus’ borrowing needs and repay an International...
Fitch revises Bank of Cyprus covered bonds’ outlook to positive, affirms at ‘A’
Fitch Ratings has on Wednesday revised Bank of Cyprus Public Company Limited’s (BoC, B-/Positive/B) conditional pass-through (CPT) mortgage covered bonds’ outlook to positive from stable...
From Ireland to Cyprus, euro zone countries hit record low yields
By Abhinav Ramnarayan Several euro zone countries are seeing their borrowing costs hit their lowest levels on record as the European Central Bank opens the...
Dash for 30-year Cyprus bond sale, overloaded with orders (Update 1)
Cyprus’ first 30-year bond sale was overloaded with orders on Wednesday, with high demand for such long maturities showing just how much Europe’s bond market...
Cyprus to tap markets with 30-year bond
Cyprus will be tapping the markets, possibly on Wednesday, with 30-year and five-year bonds. The bonds could be used for the early repayment of a...
Cyprus mulls early repayment of Russian loan
Cyprus is considering an early repayment of part of a €2.5bn loan it obtained from Russia during the financial crisis, as its funding costs decline,...
Cypriot bond yields tumble after stellar bond sale
By Dhara Ranasinghe Government bond yields in Cyprus tumbled on Wednesday and stood out as the star performer in eurozone debt markets, a day after a...
ECB starts buying Cypriot bonds after ratings upgrade
The European Central Bank said on Thursday it had restarted buying Cypriot bonds under its stimulus programme after an upgrade to the country’s credit rating,...
Expected ECB rate hike, strong investor interest increased government’s bond appetite
By Stelios Orphanides The decision to go for a €1.5bn bond issue instead of the initially planned €1bn was dictated by a combination of factors,...
Cyprus bond yields drop following sovereign upgrade
Cypriot bond yields fell sharply on Monday after Standard and Poor’s rating agency upgraded the island’s sovereign bond to investment grade, more than six years...
Government to issue 10-year €1bn euro bond
The government aims to capitalise Friday’s upgrade of its sovereign rating to investment grade by Standards & Poor’s with the issue a €1bn 10-year bond,...
First ratings test for the Cypriot economy on February 2
In early February Moody’s agency will issue its first rating for the Cypriot economy, opening the way for a round of rating actions, estimated to...
Finance ministry raises €35.5m from six-year bonds
The finance ministry has successfully raised €35,54 million, after issuing the 10th series of a six-year bond for natural persons. The Public Debt Management Office...
Investor interest in loans from Cypriot banks remains elusive, CySEC says
The head of Cyprus’s Securities and Exchange Commission (CySEC) Demetra Kalogerou said that the has been no investor interest to buy loans from Cypriot banks...
Georgiades expects up to €600m a year from natural gas revenues in 12 years (Updated)
Finance Minister Harris Georgiades expects that Cyprus will annually receive up to €600m in gas revenues inside of 12 years once exploitation of the Aphrodite...
Government buys back bonds worth €214m, PDMO says
The state bought back outstanding government bonds maturing in 2020 and 2021 with a face value of €214m, the public debt management office said. The...
