Cyprus to issue new six-year bonds with increased interest rates
The Republic of Cyprus will issue new six-year bonds with slightly increased interest rates for the first two years. The annual nominal interest rate for the first 24 months will be 1.25%, compared to 1.00% in the previous series. The interest rates show small differences for the remaining term, with a slight increase from 24 to 48 months and a slight decrease for the rest of the periods. The weighted average annual interest rate for holding the bond until maturity is approximately 1.367%. For more information, contact the Cyprus Stock Exchange at 22712300.