The Ministry of Finance has announced that ‘the Republic of Cyprus (rated A3 stable by Moody’s, A- positive by S and P, A- positive by Fitch and A stable by DBRS) has mandated Barclays, J.P. Morgan, Morgan Stanley and Societe Generale to lead manage a EUR-denominated Reg S 10-year Bond benchmark offering, maturing in January 2036.’
According to the announcement, the Bank of Cyprus is also acting as Co-Manager on this transaction.
‘The transaction is expected to be issued in registered form under the Republic’s EMTN Programme and is expected to be launched in the near future subject to market conditions,’ the Ministry adds.