On 4th of April Cyprus released its first long-term bond issue as governments took advantage of strong demand for such assets after weeks of volatile bond markets.
This was reported by Reuters.
Nicosia raised €1 billion from its first long-term bond issue, the country’s debt management office said.
Thus, Cyprus became the next European country to enter the debt market.
The deal received more than 12 billion euros of demand, a record for Cyprus, Stelios Leonidou, who manages the Cypriot debt issuance, told Reuters.
“This is the largest portfolio of investor orders we’ve ever had in a year where market conditions for government bond issuance were not as good as last year,” he said.
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