finance

Cyprus raises €1.75 bln to pay off debts

Cyprus has paid off early an International Monetary Fund loan that was part of a €10 bln rescue package in 2013 from lenders to save the island’s banking system, with analysts praising

Cyprus prepares double bond issue

Cyprus has mandated investment banks to manage a double bond issue comprising a 10-year and 20-year euro-denominated bonds, the Ministry of Finance announced. “The Republic of Cyprus, rated BBB- (stable) by Standard