Cyprus and Ireland hit market amid Covid-19 funding rises

By Burhan Khadbai
06 Apr 2020

Eurozone sovereigns extend their syndication spree this week with Cyprus and Ireland mandating banks for new deals on Monday. Both sovereigns are preparing bigger funding programmes in response to the coronavirus pandemic.

Ireland has picked Bank of America, BNP Paribas, Cantor Fitzgerald, Dankse Bank, Goldman Sachs and JP Morgan for a seven year euro benchmark — a tenor that has been accessed by Spain, Belgium and Portugal over the last few weeks.

Ireland announced last week ...

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