The use of the green bond by the Republic of Cyprus will offer multiple advantages, the Ministry of Finance said in a statement.
As it notes, at its meeting today, the Council of Ministers approved a proposal by Finance Minister Constantinos Petrides for the issuance by the Republic of Cyprus of a green/sustainable bond and authorised the Finance Minister to proceed with all necessary preparatory work for the successful outcome of this project.
The Ministry said in its statement that green/sustainable bonds are a financial instrument which attracts particular interest from international investors and its use by the Republic of Cyprus will offer multiple benefits. BR\](CNA)
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