Issuer: Republic of Cyprus
Amount: $300 million
Launched: June 19 1997
Lead manager: SBC Warburg
If you’re thinking of going to Cyprus for a holiday, next year could be a good bet. By then much of the proceeds from the government’s debut bond issue will have been invested in road, sewerage and irrigation projects which should make your stay even more comfortable.
Not that this was the main reason for the Republic of Cyprus finally to enter the international bond markets.
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