Breaking news

Cyprus Government Attracts Global Investor Confidence With Robust 10-Year Reference Bond

by THEFUTURE.TEAM

January 25, 2026

Strong International Demand Marks a Milestone

The Cyprus Government has successfully issued a 10-year reference bond worth €1 billion, with over 80% of bids coming from international investors. This issuance, managed by the Debt Management Office under the Ministry of Finance, represents the first significant new syndication since the nation regained its ‘A’ rating from top credit agencies.

Global Participation and Investor Diversity

Investors from all over the globe actively participated in the offering. Approximately 43.5% of the bids originated from the United Kingdom, with significant contributions from Scandinavian countries (14.0%), Portugal (9.7%), as well as Germany and Austria (4.6%), France (2.5%), the Netherlands (1.6%), and Italy (1.6%). In terms of investor categories, asset managers accounted for 53.8% of the bids, followed by banks (25.8%), insurers and pension funds (8.1%), and central banks and official agencies (7.8%).

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Competitive Pricing and Market Reception

Opened at mid-swaps +44 basis points, the bond was priced at a repo yield of 3.339% with a pricing spread of +51.0 basis points relative to the DBR 2.6% benchmark as of August 2035. The underwriting team featured industry heavyweights including Barclays, J.P. Morgan, Morgan Stanley, and Société Générale, with the Bank of Cyprus acting as Co-Manager. The bond will be listed on the London Stock Exchange under English law via Cyprus’ EMTN program (ISIN XS3281842578).

Record-Breaking Bookbuilding Performance

The comprehensive order book attracted exceptional investor enthusiasm. Initial forecasts were set at approximately mid-swaps +52 basis points. By 10:00 London time, the order book had surged past €14.5 billion in bids (excluding underwriters’ allocations) with revised projections adjusting to mid-swaps +47 basis points. This robust participation allowed the Cyprus Government to narrow the spread further by 3 basis points to mid-swaps +44 basis points, ultimately recording total demand exceeding €16.4 billion.

Market Implications and Economic Outlook

The issuance marks Cyprus’ first notable consortium since June 2024 and its first new 10-year reference bond since April 2023, injecting crucial liquidity into a key pricing point on the national curve. This record-setting bookbuilding process underscores the ongoing strong backing from the global investment community, a testament to Cyprus’ solid economic fundamentals and favorable credit outlook.

Overall, the successful pricing and the overwhelming investor response signal robust market confidence in Cyprus’ fiscal management and economic prospects.

The Future Forbes Realty Global Properties

One In Three Cypriots Open To Using Digital Euro

by News Editor

August 19, 2026

Around one in three Cypriots say they would use the digital euro in their daily lives, despite limited awareness of the new form of money, according to the first islandwide survey published by the Central Bank of Cyprus.

With the first issuance currently expected in 2029, the findings suggest that public education will be crucial, particularly among people who rely more heavily on cash or have less experience with digital tools.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Awareness Remains Low

Some 61% of respondents say they have no knowledge of the digital euro, while just 1% consider themselves fully informed.

Awareness is higher among people under 65, those with tertiary education and employed respondents. Among those who have heard of the digital euro, awareness is also more common among men, higher-income and more highly educated people, as well as urban residents.

Social media is the leading source of information, cited by 49% of respondents, followed by television at 30%.

35% Would Use The Digital Euro

Despite the knowledge gap, 35% say they are willing to use the digital euro in their daily lives. This is particularly true among people under 45, employed respondents and those with higher education and incomes.

Among potential users, 41% would use it for purchases in physical shops, 40% for online shopping and 33% for person-to-person payments.

By comparison, 28% say they are somewhat or very unlikely to use the digital euro.

Privacy And Cash Are Main Concerns

The biggest concerns are the possibility of transactions being tracked and fears that cash could eventually be abolished, cited by 53% of respondents.

Another 38% are concerned about security, while 25% worry about managing their spending. Some 30% have significant concerns about the ease of using the digital euro.

For businesses, 9% say their willingness to accept digital euro payments would depend on factors such as cost, ease of implementation and demand, while 27% say they would not accept such payments.