4 more pass­ports at € 2.5 mln each

Financial Mirror (Cyprus) - - FRONT PAGE -

The Pub­lic Debt Man­age­ment Of­fice of the Min­istry of Fi­nance sold retail bonds worth EUR 14.1 mln through 85 of­fers that had been sub­mit­ted for the March se­ries.

The PDMO said that of the 85 ap­pli­ca­tions ac­cepted, 81 were sub­mit­ted by Cypri­ots and four by for­eign in­vestors, with the lat­ter rais­ing EUR 10 mln.

Cypriot in­vestors bid for the re­main­ing EUR 4,142,900 with of­fer start­ing from 1,500 euros.

The govern­ment is once again on track to rais­ing at least EUR 100 mln a year through the retail bonds that carry a higher in­ter­est rate than de­posit rates at com­mer­cial banks, in ad­di­tion to a lower tax rate of just 3%, com­pared to 30% im­posed on bank in­ter­est.

The PDMO said that it will con­tinue with the fourth se­ries of six-year bonds, ma­tur­ing in 2022 with a EUR 10 mln ceil­ing. The bonds will be is­sued on April 4 and the ap­pli­ca­tion pe­riod will be March 1-18 March.

Pas­sen­ger Sur­vey, rev­enue from tourism reached EUR 52.6 mil­lion in De­cem­ber 2015 com­pared to EUR 43.7 mn in the cor­re­spond­ing month of the pre­vi­ous year, an in­crease of 20.4%.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.