President of the Republic Nikos Christodoulides described the successful issuance of the Republic of Cyprus’ 10-year bond as a vote of confidence by international markets in the Cypriot economy and the country.
‘The 16-fold oversubscription of the Republic of Cyprus’s bond issuance, with bids of pound 16.5 billion for a pound 1 billion issue, constitutes a strong vote of confidence by international markets in the Cypriot economy and our country,’ the President said in a post on X.
He further noted that the estimated growth rate of 3.1% in 2026 – among the highest in the euro area – near full employment with unemployment at 4.6%, strong fiscal surpluses and the steady reduction of public debt are real and measurable indicators that confirm the credibility, stability and responsible economic policy of the Government, which inspires confidence and strengthens the country’s international standing.