Cyprus issues its first-ever sustainable 10-year bond
Today, 04/04/2023, Cyprus issued its first-ever sustainable 10-year bond raising EUR 1bn at a yield of 4.219% (MS +125bps). The transaction received strong investor interest with the final orders’ book closing above EUR 12.1bn (including JLM interest). The proceeds of the issuance will be used to finance projects and activities that promote sustainability, climate, and other environmental and social purposes.?According to the PDMO’s funding plan 2023, Cyprus does not plan to procced with any other bond issue this year.
Partner at Berkshire Capital Finance
1 年Excellent Work ??