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Cyprus raises €1b through reopening of bonds maturing in 2024 and 2040
July 8, 2020
The Republic of Cyprus raised on Tuesday €1 billion in a double -European bond issue through the reopening of existing bonds maturing on 3 December 2024 and 21 January 2040, with the total demand exceeding ten times the minimum amount announced.
The minimum amount announced is €250 million for each transaction.
In a written statement, Finance Minister Constantinos Petrides expressed his satisfaction with “the extremely positive response by the markets.”