Cyprus and State of NRW steal the show in euros

Euro fire FA 230
By Lewis McLellan
22 Jun 2017

Though this week was expected to be something of a write-off for SSA issuance, thanks to Euromoney’s Global Borrowers & Bond Investors forum, a pair of issuers pulled off well-received transactions.

Cyprus’s seven year benchmark raised €850m, attracting a book of more than €4.2bn — the largest book for a Cyprus benchmark since the sovereign returned to capital markets in June 2014 after its financial crisis and subsequent bailout in 2013. 

The trade was a switch and tender, allowing ...

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