Source: CNA
Cyprus’ financing needs for 2024 amount to €1.3 billion, largely to be covered by the issuance of a €1 billion EMNT bond, the Finance Ministry’s Public Debt Management Office (PDMO) has said.
PDMO has issued Cyprus’ annual financing plan for 2024, approved by the Finance Minister, Makis Keravnos.
The PDMO plans to issue domestic 3-month T-bills amounting to €120 million, with domestic retail bonds issuances estimated at €40 million.
Loans from supranational organisations, such as the European Investment Bank and the CoE’s Development Bank are estimated at €140 million next year, the PDMO.
Cyprus will cover the majority of its financing needs with the issuance of a €1 billion bond to international markets, under the European Medium-Term Note Programme.
