Government raises €17.9 million through six-year bond issuance

The Ministry of Finance raised €17.9 million through the issuance of six-year bonds for natural persons, the Public Debt Management Office (PDMO) said in a press release on Thursday.

The PDMO said it accepted on November 20, a total of 302 offers, largely (99%) from Cypriot investors totalling €17,943,200

The six-year bond series will continue in January with the issuance of bonds of up to €5.0 million. Applicants will be able to submit their applications between December 3 - 20, 2018.