Eurobank Returns To The Markets with €400 Million Bond Issue

by THEFUTURE.TEAM

January 21, 2025

Eurobank marked its first market outing in 2025 with the launch of a €400 million bond issue, aiming to strengthen its financial position and reinforce investor confidence.

Details Of The Bond Issue

The bond is a Tier 2 instrument with a 10-year maturity and an option for early redemption after 5 years. The bid book opened this morning, with initial pricing considerations (IPT) positioning the yield in the mid-swap range of +220 to +250 basis points—equating to a yield of approximately 4.67% to 4.72%.

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The bond is set to receive credit ratings of Ba2 from Moody’s and BB- from Fitch, reflecting the bank’s solid standing in the financial sector despite the challenging economic environment.

Strategic Exchange Offer

In conjunction with the bond issuance, Eurobank has initiated a separate transaction, offering to exchange €200 million of Hellenic Bank’s Tier 2 bonds for Tier 2 securities of its own issuance. This move is expected to consolidate its capital structure and streamline its liabilities.

Market Outlook And Implications

The issuance demonstrates Eurobank’s proactive approach to tapping the capital markets and optimizing its funding profile. By issuing Tier 2 bonds, the bank aims to bolster its regulatory capital, aligning with European banking standards and ensuring long-term resilience.

The exchange offer with Hellenic Bank underscores the importance of collaboration within the sector, allowing for greater stability and adaptability in a rapidly evolving financial landscape.

As the Eurobank continues its strategic initiatives, this bond issuance signals robust investor interest and confidence in the bank’s growth trajectory for 2025 and beyond.

The Future Forbes Realty Global Properties

Cyprus House Prices Rise 8.5% As Foreign Demand And Construction Costs Sustain Market Momentum

by THEFUTURE.TEAM

September 24, 2026

Cyprus’s residential property market continued to strengthen in the second quarter of 2026, with house prices rising 8.5% year on year, according to the Central Bank of Cyprus (CBC). The latest figures point to a market still being supported by robust demand from both foreign and domestic buyers, alongside higher construction costs.

Prices Advance Across Most Segments

The CBC’s general residential property price index reached 109.7, marking a 2.4% increase from the previous quarter. House prices rose 5.8% annually, while apartment prices posted a sharper 8.9% increase, underscoring continued appetite for urban housing stock.

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Price growth accelerated in all districts except Limassol. Famagusta recorded the strongest annual increase at 10%, followed closely by Larnaca at 9.8% and Paphos at 9.6%. Limassol saw prices rise 7.8%, while Nicosia registered a 5.7% increase.

Foreign Buyers Remain A Key Driver

The central bank said the market’s momentum was driven primarily by strong demand for residential property, especially from overseas buyers. Domestic demand also remained supportive, though the pace of growth was more measured.

That trend was reflected in transaction activity. A total of 5,298 sale contracts were deposited with the Department of Lands and Surveys in the quarter, up 15.4% from 4,592 in the second quarter of 2025. The CBC said foreign demand was the main contributor to the increase, with local buyers also continuing to participate in the market.

Supply Is Beginning To Respond

On the supply side, building activity also picked up. Approved residential units covered by building permits reached 8,978 in the first five months of 2026, compared with 5,484 in the same period a year earlier — an increase of 63.7%.

The CBC also pointed to the European Commission’s June economic sentiment survey, which showed construction activity remaining in positive territory. That suggests housing supply may continue to rise gradually, although likely not fast enough to offset demand in the near term.

A Market Still Tilted Toward Sellers

For now, Cyprus remains a market where demand is outrunning supply in several areas. With foreign capital still active, domestic buyers resilient, and construction costs elevated, price pressure is likely to persist unless new supply accelerates meaningfully.

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