Cyprus sells six year bonds, above target

The Government raised on Tuesday 23,44 mn euro in a six-year bond auction, which exceeded its target of 10 mn euro.

Foreign investors were positive on the government debt, as their tenders totalled 21,65 million euro.

The Public Debt Management Office announced that the application period ended on May 20. The Office received tenders for a total amount of approximately 23,4 million euro, while the initial target was ten million euro.

Tenders were submitted by forty Cypriots and eight foreign investors.