Cyprus’ first 30-year bond sale overloaded with orders

Cyprus’ first 30-year bond sale which began being marketed by the Cypriot government on Wednesday, April 24 was overloaded with orders, with demand exceeding €9 billion both for the five-year and 30-year bonds. According to Finance Minister, Mr. Harris Georgiades, the development is extremely positive for Cyprus as the money raised would be spent for the early repayment of the Russian loan. The minister also stressed the importance of this development for the Cypriot economy and its international image, emphasising as well on the upgrades the Cypriot economy received in the recent past.

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