FRIDAY, 19 OCT 2018



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Invest Cyprus 30/04-30/03/2019

Anastasiades’ Meeting with Akinci set for October 26

Lazarou: Cyprus on Track to Achieve Full Absorption of EU Funds



Bond Issue Attracts Global Investors

Bond Issue Attracts Global Investors

Cyprus has formally issued a €750 million 5-year bond, with the new transaction set to price at a yield of 4.85%, considerably tighter than initial price thoughts of 5%.


Despite the initial intention of issuing a €500 million bond, the issue was oversubscribed by four times, garnering offers of up to €2 billion.


Now, attention is turning to the investor make-up of the island’s first bond issue since it was excluded from international markets in May 2011.


The analytical report issued by the Ministry of Finance explains that over 150 investors took part in the official call, which commenced on Wednesday June 18.


Geographically, investors represented a diverse range of locations. The statistical breakdown has been described thus: Cyprus, 14.5%; Europe (excluding the UK), 23%, UK, 45%, Germany/Switzerland, 11%; Italy, 3%; America, 7%; and Asia, 2%.


Moreover, the Finance Ministry has credited some 51% of the newly invested capital as having come from asset management firms, 27% from hedge funds, and 22% from banks.


Cyprus has been rated Caa3/B/B- by Moody's/S&P/Fitch (positive/positive/stable), and Deutsche Bank, Goldman Sachs International, HSBC, UBS Investment Bank and VTB Capital have been designated the responsibility of arranging the sale.


Hellenic Bank’s FSR and Long-Term FCR Raised; Outlook for all Ratings Revised to Stable

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EU Commission Signs €2.4m Works Contract for Animal Waste Disposal System in Turkish Cypriot Community

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Cyprus Trade Deficit Drops to €2.6 bn

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China Grows at Slowest Pace since 2009

China has reported its slowest quarterly growth rate since the global financial crisis. The growth figure for the July to September quarter was 6.5% from a ...

Lazarou: Cyprus on Track to Achieve Full Absorption of EU Funds

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CBC: Residential Prices Index Rises for Eight Quarters but Prices Remain Moderate

The increase of residential property prices remains moderate the Central Bank of Cyprus (CBC) has said as the residential property price index in the second ...

Cryptos: The Future or the Next Bubble?

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MAP S.Platis Awarded Contract for the Provision of Services to EASO

MAP S.Platis Group is delighted to announce the award of a Contract for the Provision of Interim Services to the European Asylum Seekers Office (EASO) in ...

Cobalt Air License Revoked, Company Recorded Annually €30m Losses in the Past Three Years

Cyprus’ Air Transport Licensing Authority (ATLA) decided to revoke Cobalt Air’s operating license, Alecos Michaelides, the Permanent Secretary of ...

Cyprus Airways Offers Free Tickets to Cobalt’s Passengers

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TUS Airways Supports Cobalt's Passengers Offering a 20% Discount

The Cyprus-based airline, TUS Airways: “Τhe Ultimate Schedule” will offer Cobalt's passengers, who already bought tickets, a 20% discount in ...