Public debt reached €19.3bn in June 2017, up from €19.1bn at the end of March, and €18.7bn at the end of June last year, the Public Debt Management Office (PDMO) said.
The latest figure does not include a €270m loan repayment to the International Monetary Fund made in July with funds raised by the government through an €850m 7-year bond on June 20, the PDMO said in a statement on its website on Friday.
In the latest bond issue, the government also bought back €546m in other outstanding securities, thus smoothing out future maturities, the office said. Maturities will exceed €400m this year, more than double that in 2018. In 2019 and 2020, they will exceed 1.4bn each year.
Source: Cyprus Mail
