Cyprus to issue a new 7-year bond

Cyprus is expected to issue a new 7-year bond in the near future, the Public Debt Management Office said on Monday. The Republic of Cyprus, with a credit rating of BB + (stable) by Standard and Poors, B1 (positive) by Moodys, BB- (positive) by Fitch and BBL (stable) by DBRS has hired the banks Citi, Goldman Sachs International Bank and HSBC to act as lead managers for a new 7-year bond issue in euro” a press release of the Office said.

Source: Cyprus News Agency