Press Releases

Issuer

The Republic of Cyprus (Ticker: CYPRUS)

Issuer rating  

Ba1 (positive by Moody's) / BBB (stable by S&P) / BBB (stable by Fitch) /BBB (stable by DBRS)

Format 

Reg S, Registered form, CACs

Settlement  

13th April 2023

Maturity 

13th April 2033

Size       

EUR1bn

Reoffer

MS+125bps / 99.246% / 4.219%

Benchmark

+189.6bps vs DBR 02/2033 (HR 92%, 99.789%)

ISIN  

XS2610236445

Coupon  

4.125%, Annual, ACT/ACT

Denominations 

EUR 1k + 1k

Law/Listing    

English Law / London Stock Exchange (Regulated Market)

Docs

EMTN Programme

Lead managers  

Barclays / HSBC / J.P. Morgan / Morgan Stanley (B&D) / Société Générale

UOP  

Financing and/or refinancing projects and activities that promote sustainability, climate and other environmental and/or social purposes, within the meaning of Eligible Expenditures as defined in the Issuer's Sustainable Finance Framework

Target market 

MiFID II and UK MiFIR product governance: retail clients, eligible counterparties and professional clients (all distribution channels)

Timing  

TOE 15:45 CET / 14:45 UKT. FTT Immediately. Final books in excess of EUR12.1bn (incl EUR340mn JLM orders)