Funds grab bonds, prop­erty dealer wanted

Financial Mirror (Cyprus) - - FRONT PAGE -

Ma­jor funds were quick to grab the 15-year bonds is­sued by the gov­ern­ment with a 6.1% coupon rate, while a Cypriot cou­ple is seek­ing the ar­rest of a Bri­tish es­tate agent sell­ing prop­erty in the Turk­ish oc­cu­pied north, ac­cord­ing to the Fi­nan­cial Mir­ror is­sue 617, on April 20, 2005.

Funds buy

bonds:

Prov­i­dent funds, in­sur­ance com­pa­nies and banks rushed to grab the gov­ern­ment’s multi-bond auc­tions with the 15-year bonds atract­ing the most in­ter­est. The CYP 50 mln is­sue with a coupon rate of 6.1% was over­sub­scribed three times, im­prov­ing on the pre­vi­ous yield of 7.15%

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