Government increases interest on six-year bonds

13:15 - 15 June 2023

Economy

The Public Debt Management Office announced an increase in interest rates on six-year nominal government bonds for individuals, effective from the 3rd series (October) of 2023, for which applications will be received in the month of September 2023.

It said that the bonds issued on 2 October 2023 (application period from 9/1/2023 to 9/20/2023) will yield increased interest rates.

The annual nominal interest rate corresponding to each individual bond holding period (effective 2 October 2023) will be 1.00% for the first 24 months, 1.25% beyond 24 months and up to 48 months, 1.50% beyond 48 months and up to 60 months, and 1.75% beyond 60 months and up to 72 months.

It is also noted that the weighted average annual interest rate, if the bond is held until maturity (6 years), is 1.292%.

For further information, interested parties may contact the Cyprus Stock Exchange at +357 22712300.

Government increases interest on six-year bonds

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