Cyprus is officially back to the markets after more than three years of exclusion and only around a year after the country’s bailout.
Finance Minister Harris Georgiades announced yesterday on Twitter that Cyprus is back in the markets. He said that the 5-year €750m eurobond is at an interest rate of 4.75 percent. Deutsche Bank, Goldman Sachs, UBS, HSBC and VTB Capital were managing the sale.
This is a very positive outcome and a clear sign that Cyprus is on a good path in terms of stabilising the economy of the country. The speedy economic recovery of the island has been impressive so far.