By Emese Bartha

 

Cyprus sold 1 billion euros ($1.14 billion) in new, January 2032-dated bonds via a syndicate of banks Thursday, one of the book-runner banks said.

The bond has a coupon of 0.95%, the same bank said. The spread on the bond was set 65 basis points above midswaps, at a price of 99.583 and a yield of 0.994%, it said.

Demand for the bond exceeded EUR7.8 billion, including EUR250 million interest from the joint lead managers.

Book-runners of the deal were Barclays, Citi, Deutsche Bank, Goldman Sachs Bank Europe and HSBC.

 

Write to Emese Bartha at emese.bartha@wsj.com

 

(END) Dow Jones Newswires

January 13, 2022 10:27 ET (15:27 GMT)

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