articles | 30 April 2015

UK based investors bulk of Cyprus bond buyers

United Kingdom-based investors bought most of a seven-year Cyprus benchmark sold on April 28, 2015 the Finance Ministry in Nicosia said recently.

Cyprus raised €1 billion from the seven-year bond, which yields 4%. It was its second foray into international debt markets following an international bailout in 2013.

By geographical distribution, the Finance Ministry said 62% of investors were based in the UK and 30.5% in the rest of Europe.

It said fund managers were the largest investor class at 45%, followed by hedge funds at 39.5%.

Source: InCyprus

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