Cyprus is expected to enter the markets tomorrow with the aim of raising €1 billion through the issuance of a 10-year European Medium Term Note (EMTN).
A statement issued a short while ago by the Public Debt Management Office (PDB) said that the Republic of Cyprus, rated BBB/positive (Standard and Poor`s), Ba1/stable (Moody`s), BBB/stable (Fitch) and BBBL/positive (DBRS), mandated the investment banks Barclays, Citi, Deutsche Bank, Goldman Sachs Bank Europe SE and HSBC to lead a single issue, in euro, under Regulation "S", with Collective Action Clauses, of 10-year European bonds, in registered form, under the issuer's EMTN programme.
The DGM notes that the bonds will be listed on the regulated market of the London Stock Exchange and that the transaction is expected to proceed in the near future
(CNA)
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