27.8 C
Nicosia
Thursday, July 25, 2024

Open the bid book for the new 7-year bond

Must read

The initial guidance provided by the issuing advisors is approximately 60 basis points above the reference price (mid-swap) corresponding to a yield of 2.735%

< p>Άνοιξε το βιβλ ποοοοοοο

The bid book opened at around 11:00 Cyprus time in the framework of the issue of a 7-year bond of the Republic of Cyprus due 2028, amounting to €1 billion, on the international markets.

According to information from the Cyprus Securities and Exchange Commission, the initial guideline given by the issuing advisers is approximately 60 basis points above the reference price (mid-swap) corresponding to a yield of 2.735%. As market players estimate, over time the guideline may be revised downwards.

At the same time, a capped offer was announced to repay an amount of up to €500 million from an existing bond of €1, 5 billion with an interest rate of 2.375%, maturing in September 2028. The price is set at 98.4% of the original pso.

< iframe width='300px' height='500px' src='https://www.adstorebluebird.cy/api/banner/ServeBanner?zoneId=2734' frameborder='0' scrolling='no'>

Source: www.kathimerini.com.cy

- Advertisement -AliExpress WW

More articles

- Advertisement -AliExpress WW

Latest article