The island is preparing for two issues under its European Medium Term Note (EMTN) programme, Finance Minister Harris Georgiades said. Details have not yet been decided.
Cyprus, which required a €10 billion lifeline to stave off bankruptcy in March 2013, successfully tapped international markets last June with a €750 million issue taken under the same programme.
It was the swiftest comeback of a bailed-out nation to international markets in the history of the euro debt crisis.
“Cyprus is implementing an ambitious programme of economic reform and consolidation which is already delivering early and tangible results. On such sound foundations we are aiming to re-establish sustainable market access,” Georgiades told Reuters.
Georgiades said the upcoming debt issues would not substitute but complement existing financing from lenders. The EMTN programme has a ceiling of €9 billion.
Source: Cyprus Mail
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Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
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