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.
The PDMO has revealed new interest rates for sixyear government bonds for individual investors, ranging from 1.25% to 1.55% depending on the term length, with applications open from June 3 to June 20, 2024, offering a competitive weighted average rate of approximately 1.367%. This announcement signals a stable investment climate and provides an opportunity for investors to diversify their portfolios while securing predictable returns, reinforcing the government’s commitment to financial stability and sustainable debt management.
The Cyprus Stock Exchange has introduced new 13week government bonds issued by the Republic of Cyprus, each with a €1,000 nominal value and a total issue of €25 million. These noninterestbearing bonds, with ISIN code CY0240880811, are set to mature on June 21, 2024, offering investors a unique opportunity to diversify their portfolios and engage with the island nation’s financial market.
