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Cyprus' financing needs for 2024 at €1.3b

11:46 - 15 December 2023

Economy

Cyprus’ financing needs for 2024 amount to €1.3 billion, largely to be covered by the issuance of a €1 billion EMNT bond, the Finance Ministry’s Public Debt Management Office (PDMO) has said.

The PDMO plans to issue domestic 3-month T-bills amounting to €120m, with domestic retail bonds issuances estimated at €40m.

Loans from supranational organisations, such as the European Investment Bank and the CoE’s Development Bank, are estimated at €140m next year.

Cyprus will cover the majority of its financing needs with the issuance of a €1 billion bond to international markets, under the European Medium-Term Note Programme.

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