MTNs are your friend, Cyprus
A €100m private placement for Cyprus last week, which marked the capital markets return of the last of the bailed-out eurozone sovereigns, generated excitement on DCM desks as bankers mulled the prospect of another barnstorming comeback syndication from the periphery. While investors are no doubt clamouring to get their hands on something that offers a bit of yield, caution might be the best option here.
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