Cyprus extends curve with a bang

Cyprus Satellite 230x150

Cyprus received strong investor demand for its longest ever bond on Wednesday, with the combined order book for the dual tranche trade topping €10bn at the final terms.

By Burhan Khadbai
24 Apr 2019

Following the mandate announcement on Tuesday, the leads posted initial price thoughts of mid-swaps plus 80bp area for the December 2024s and mid-swaps plus 200bp area for the May 2049s on Wednesday morning.

Books opened with guidance of plus 65bp area for the 2024s and plus 185bp area ...

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