Cyprus extends curve with a bang

Cyprus Satellite 230x150
By Burhan Khadbai
24 Apr 2019

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.

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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