Cyprus PDMO receives applications amounting to 10.72 million in six-year domestic bonds

Cyprus PDMO receives applications amounting to 10.72 million in six-year domestic bonds

Cyprus Public Debt Management Office (PDMO) has announced it received applications amounting to €10.71 million in the context of auction for 2015 third series 6-year bonds for natural persons.

The PDMO said the issuance was oversubscribed as the total of 57 applications submitted amounting to €10,718,400 exceeded the ceiling of €10 million.

From the 57 applications, the 54 have been submitted by Cypriots and three by foreign investors. The value of applications reached €188.042 on average, whereas 70% of the applications` total value were submitted by foreign investors.

The PDMO announced that the fourth series of six-year bonds with a ceiling of €10 million will be issued on April 2 and the period for applications will be open on March 2 -20.

CNA/GS/MM/2015
ENDS, CYPRUS NEWS AGENCY