Nicosia: The Ministry of Finance has announced that the Republic of Cyprus, with credit ratings of A3 stable by Moody's, A- positive by S and P, A- positive by Fitch, and A stable by DBRS, has appointed Barclays, J.P. Morgan, Morgan Stanley, and Societe Generale to lead manage a EUR-denominated Reg S 10-year Bond benchmark offering. This bond is set to mature in January 2036.
According to Cyprus News Agency, the Bank of Cyprus is also participating as Co-Manager in this transaction. The transaction is expected to be issued in registered form under the Republic's EMTN Programme. The launch is anticipated in the near future, contingent on market conditions.