Bond issuance confirms Cyprus government’s intent for further debt reduction, investment firm says

Cyprus has demonstrated flexibility in choosing its timing to enter the markets for the issuance of a 7-year bond, which sought to raise €1 billion, according to investment firm Athlos Capital.

Ultimately, the Republic of Cyprus received offers amounting to €9.6 billion. At the same time, a capped €500 million early repayment offer was proposed for a €1.5 billion bond maturing in 2028, carrying a 2.375 per cent interest rate.

Athlos Capital, which specialises in the trading...