Panayiotis Rougalas
Cyprus has raised €1 billion through its first-ever 10-year sustainable bond, which saw demand exceed supply by 12.5 times. The bond yielded 4.20% and will finance a range of "green" and social projects, providing access to additional sources of funding beyond traditional ones. Investment banks were mandated to issue the bond by the Republic of Cyprus, which holds credit ratings of BBB/stable (Standard & Poor's), Ba1/positive (Moody's), BBB-/stable (Fitch), and BBB/stable (DBRS).
