Cyprus raises 1 bln euros from its first sustainable bond
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Cyprus launched its first sustainable bond on Tuesday as governments took advantage of high demand for such assets following weeks of wild swings in bond markets.
Nicosia raised 1 billion euros from its first sustainable bond, the country's debt office said, becoming the latest European government to enter the market.
The deal received more than €12 billion of demand, a record for Cyprus, Stelios Leonidou, who manages Cyprus' debt issuance, told Reuters.
"This is the biggest [investor order] book we've had ever, in a year when market conditions for issuing sovereign bonds have not been as good as last year," he said. [Reuters]
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