The Cyprus Stock Exchange (CSE) is set to introduce new government bonds worth €25 million, issued on April 26, 2024, with the trading code GD13B24 / TB13B24 and ISIN CY0240910816. This move signifies a significant addition to the market offerings and reflects economic stability in Cyprus.
What are the details of the new government bonds introduced by the Cyprus Stock Exchange (CSE)?
The Cyprus Stock Exchange (CSE) has introduced new government bonds valued at €25 million. Issued on April 26, 2024, with the trading code GD13B24 / TB13B24 and ISIN CY0240910816, these non-interest bearing bonds will commence trading in the last week of April, marking a significant addition to the market offerings and indicating economic stability.
Introduction of New Bonds
The Cyprus Stock Exchange is gearing up for a significant addition to its financial instruments. This week, the exchange greenlit the introduction of government bonds. These bonds, which are a product of an auction that took place earlier in the month, come with a total value of €25 million. The introduction is a move that aligns with Article 58(1) of the Cyprus Securities and Stock Exchange Law, showcasing the CSE’s commitment to expanding its market offerings.
Bond Details and Trading Code
The specifics surrounding these new financial instruments are quite interesting. When issued on April 26, 2024, the bonds were acknowledged by the exchange to be included not only in the market but also in the Central Depository and Central Register. This adherence to Article 10 of the Cyprus Securities and Stock Exchange Laws demonstrates a structured approach to the bonds’ integration into the market. Notably, these bonds are categorized as non-interest bearing and have been assigned the trading code GD13B24 / TB13B24, with a unique ISIN code CY0240910816.
Commencement of Trading
The announcement from the Cyprus Stock Exchange has set the financial community abuzz with the news that trading of these government bonds will commence shortly. Investors are preparing for the start date, which is slated for the last week of April. This event marks a substantial moment for the bond market, as it presents an opportunity for investment in government-backed securities, which often are considered a safer investment option, especially in turbulent economic times.
Impact on the Market
This strategic move by the CSE is anticipated to have a positive impact on the financial market of Cyprus. The introduction of government bonds is a signal of the country’s economic stability and intent to provide diverse investment opportunities. As these bonds will be available for trading on the established financial platform, they present an attractive option for both local and international investors looking for viable ways to grow their portfolios.
How much are the new government bonds introduced by the Cyprus Stock Exchange (CSE) worth?
The new government bonds introduced by the Cyprus Stock Exchange (CSE) are worth €25 million. These non-interest bearing bonds were issued on April 26, 2024, and have a trading code of GD13B24 / TB13B24 with ISIN CY0240910816.
When were the new government bonds issued by the Cyprus Stock Exchange (CSE)?
The new government bonds were issued by the Cyprus Stock Exchange (CSE) on April 26, 2024. These bonds, valued at €25 million, are set to commence trading in the last week of April.
What is the trading code and ISIN of the new government bonds introduced by the Cyprus Stock Exchange (CSE)?
The trading code of the new government bonds introduced by the Cyprus Stock Exchange (CSE) is GD13B24 / TB13B24. The unique ISIN code assigned to these bonds is CY0240910816.
How will the introduction of the new government bonds impact the financial market in Cyprus?
The introduction of the new government bonds by the Cyprus Stock Exchange is expected to have a positive impact on the financial market in Cyprus. It signifies economic stability and provides diverse investment opportunities for both local and international investors. The commencement of trading for these bonds is anticipated to attract investors looking for secure investment options.
