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Applications for €48 mn for 6Y bonds

28/12/2015 15:39
The Ministry of Finance has auctioned retail bonds worth €47.9 mln, in the framework of its 2016 auction for a first series of six-year bonds for natural persons.

According to an announcement by the Cyprus’ Public Debt Management Office (PDMO), a total of 130 applications were received, totaling €47,920,000, while the offer surpassed the €10 mln ceiling by four times.

Moreover, 114 applications were submitted by Cypriots and 16 applications by foreign investors. Offers ranged between €3,000 and €2,950,000.

A second series will follow in 2016 with a maturity in 2022. The auction will be launched on February 1st, with an upper limit of €10 mln. Applications will be submitted between January 4 and 20, 2016.