Government raises Euros 5.25 million through bond issue

The Ministry of Finance raised on Monday Euros 5.25 million through a six-year bond issue, the Public Debt Management Office said in a press release.

The PDMO said that it received 63 applications for a total amount of Euros 5,244,900, noting that the applications exceeded the Euros 5 million ceiling for each issue.

All the applications were submitted by local investors. Their values ranged from Euros 1,500 to Euros 800,000 and all of them were accepted, the PDMO added.

Source: Cyprus News Agency