The Republic of Cyprus has set a final yield of 4% on a seven-year euro benchmark bond, according to a lead. The order book on the May 2022 Reg S trade is in excess of 1.7bn.

The final yield compares to Monday’s IPTs of very low 4% yield area and Tuesday morning’s guidance of 4.125% area. Cyprus is rated B3/B+/B-/BL.


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