Bank of Cyprus prints popular tier two

Cyprus_adobestock_575x357
By Frank Jackman
16 Apr 2021

The Bank of Cyprus was met with plenty of demand as it sold one of the lowest rated financial deals of the year on Friday – a sign of confidence for any other peripheral names looking at the market.

Bank of America, BNP Paribas, Goldman Sachs, HSBC and JP Morgan met with investors earlier this week ahead of the prospective 10.5 year non-call 5.5 holding company level tier two.

The Bank of Cyprus (Caa2/CCC/–) then hit screens on Friday morning with initial ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial