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Post-crisis bond first for Cyprus
Zone(s): Cyprus ¦ Sector(s): Finance, Economy
The country’s finance ministry raised €750m (£600.9m) in a bond issue yesterday, having initially aimed to raise €500m. The five-year bonds will carry a 4.85 per cent yield. The interest on the debt will still be some of the highest of any euro-area country, but yields have dropped dramatically for many countries hit by sovereign crises.
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