Primetel raises EUR 5 mln

Primetel Plc (PTL), the alternative telecom provider announced that it has successfully completed the issue of the 5-year bond of EUR5 mln, which bears a stable interest rate payment of 6.75% per annum. The issue was oversubscribed by applicants including institutional investors, provident and pension funds, insurance companies and individual investors. The bond is guaranteed by Bank of Cyprus Public Company Limited.