Debt repayment prospects for 2016 appear relatively positive, according to figures publicised by the Public Debt Management Office.

Securities worth €736 million are about to mature, out of which €170 million concern foreign securities, €361 million domestic securities and €205 million other loans.

This does not exercise direct pressure on Cyprus turning to the markets to ensure funding. The Cyprus economic adjustment programme expires in May 2016, but the government intends to terminate it earlier, in March.

This means that it will be monitored by rating agencies and its creditworthiness will determine the cost of borrowing from the markets.

Outlook for debt repayments for 2017 and 2018 also appears smooth, with total debt to be repaid at €793 and €872 million respectively.

Source: InCyprus