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Capital markets continue to show confidence in the Cypriot economy despite the challenging international economic situation amid the Covid-19 pandemic, Minister of Finance Constantinos Petrides said following an “extremely successful 5-year bond issuance.” On Tuesday, Cyprus raised €1 billion in a 5-year bond EMTN issuance with the book oversubscribed by eight times while the bond’s yield is estimated at 0.05% to 0.06%. Despite the fact that “final pricing is expected later in the day, we expect (the yield) to range between 0.05% …
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