Cyprus repays over €1 billion in bonds and loans
Cyprus has exceeded €1 billion in bond and loan repayments for the second quarter of 2024, according to the latest bulletin released on Friday by the Public Debt Management Office (PDMO).
The Cypriot government issued a €1 billion seven-year Eurobond in June 2024, alongside an offer to exchange it with an existing Eurobond maturing in 2028.
The new bond’s interest rate was set at 3.25 per cent, yielding an effective rate of 3.31 per cent.
The €1 billion issuance...
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