Cyprus is expected to tap the international markets on Thursday with the issuance of a €1 billion ten-year European Medium-Term Note (EMTN).
The Ministry of Finance’s Public Debt Management Office in a press release said “the Republic of Cyprus, rated BBB- (positive) by Standard and Poor`s, Ba1 (stable) by Moody`s, BBB- (stable) by Fitch and BBBL (positive) by DBRS, has mandated Barclays, Citi, Deutsche Bank, Goldman Sachs Bank Europe SE and HSBC to lead manage a single-tranche EUR-denominated RegS CACs benchmark 10yr issuance in registered form under the Issuer`s EMTN Programme. Listing London Stock Exchange (Regulated Market).
Source: Cyprus News Agency