News Local Cyprus sells €30 million in six-year bonds

Cyprus sells €30 million in six-year bonds

The Public Debt Management office, of the Ministry of Finance, announced on Tuesday that it received by July 20, 2015, 187 offers for the total amount of €30,055,900 six year government bonds.

According to the announcement, 183 offers were submitted by local investors and 4 offers from foreign investors.

The offers ranged from €3,000 to €5,000,000 and from the total of €30,055,900, €15.000,000 were from foreign investors.

The Head of the Public Debt Management office has accepted the full amount, taking into account, among others, that the acceptance of the full amount does not affect other issues of government bonds.

The office will also issue a six year bond of €10,000,000 on September 1st.

Source: CNA