Demand for Cyprus’ new 7-year bond highest in three years

Demand from investors for Cyprus’ new 7-year bond issued last Tuesday had been the highest since the country’s return to the international bond markets three years ago.The transaction was dominated by strong international participation, the Public Debt Management Office said in a press release (PDMO). It noted that UK based investors accounted for 35% of the final allocations, followed by investors in Cyprus (19.5%), in Italy (15.5%), other European countries (13.5%), Germany, Austria and Switzerland (9.7%), US offshore (5.5%) and other countries (1%).

Source: Cyprus News Agency