CYPRUS: PDMO approves €7.14m applications for six-year retail bonds

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Cyprus Public Debt Management Office announced it approved applications amounting to €7.14 million for the purchase of sixth series of six-year government bonds for physical persons.

The PDMO said it approved a total of 26 applications ranging from €8,000 to €2,5,00,000 with a weighted average of €274,615.

The bonds will be issued on November 1, 2014.

The next series will be issued December 1, 2014 and the period for applications submission begins on November 3 and expires 20 days later.