PDMO raises 11.8 mln from 6-year re­tail bonds

Financial Mirror (Cyprus) - - FRONT PAGE -

The Min­istry of Fi­nance said it sold EUR 11.78 mln sixyear re­tail bonds due from Noven­m­ber, mildly over­sub­scribed above the monthly tar­get of 10 mln.

The Pub­lic Debt Man­age­ment Of­fice, said that for the first eleven se­ries (Jan­uary-Novem­ber) the Min­istry of Fi­nance sold a to­tal of EUR 194.6 mln worth of the gov­ern­ment bonds, of which EUR 61.5 mln to Cypriot in­vestors and EUR 133.1 mln to for­eign in­vestors.

The ap­pli­ca­tion pe­riod for the eleventh se­ries ended on Oc­to­ber 19 as 60 ap­pli­ca­tions were re­ceived for a to­tal of EUR 11,784,500. From the bids ac­cepted, 56 were sub­mit­ted by Cypri­ots and four by for­eign in­di­vid­u­als. The val­ues ranged from EUR 1,500 to 2.5 mln. EUR 8.6 mln were form for­eign in­vestors.

The Min­istry also an­nounced that it will pro­ceed with the 12th se­ries, ma­tur­ing in 2021 with the monthly EUR 10 mln ceil­ing.

The bonds will be is­sued on De­cem­ber 1 and ap­pli­ca­tion pe­riod will be Novem­ber 2-20.

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