More than 200ml euro the bids for Cyprus’ bonds in 2015

More than 200ml euro the bids for Cyprus’ bonds in 2015

The Republic`s Public Debt Management Office announced today that on November 2nd, the period for the submission of bids for the six-year bonds for individuals (December 2015, 12th series, expiration 2021) has expired due the bonds being oversubscribed.

It is announced that eleven applications were received for a total of € 10.535.000. From those eleven applications, seven were submitted by Cypriots and four by foreign investors.

The value of the applications ranged between € 3.000 to € 2.500.000. Of the total amount of € 10.535.000, € 10.000.000 were applications from foreign investors.

In total, during the first 12 series (January-December 2015) bids were received with a value of € 205.178.800 of which € 62.077.800 were received by Cypriot investors and € 143.101.000 by foreign investors.
CNA/AAR/MM/2015
ENDS, CYPRUS NEWS AGENCY