Cyprus to tap international markets with ten-year bond

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Cyprus is expected to tap the international markets on Thursday with the issuance of a €1 billion ten-year European Medium-Term Note (EMTN). The Ministry of Finance’s Public Debt Management Office in a press release said “the Republic of Cyprus, rated BBB- (positive) by Standard and Poor`s, Ba1 (stable) by Moody`s, BBB- (stable) by Fitch and BBBL (positive) by DBRS, has mandated Barclays, Citi, Deutsche Bank, Goldman Sachs Bank Europe SE and HSBC to lead manage a single-tranche EUR-denominated RegS CACs benchmark …

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