Cyprus returns to the bond markets tomorrow, just two days after Standard & Poor's upgraded its economy to an investment grade.
The government spokesman, Prodromos Prodromou, in statements to RIK, said that with the entry into the international markets the benefits will be multiple.
The conditions, he stressed, and the interest rates of the new bond issue "are expected to be very favorable and will create additional budgetary margins, which will strengthen the image of Cyprus, making it a very attractive destination for international investors."
According to the newspaper "I Kathimerini" of Cyprus, tomorrow the official announcement will be made by the Ministry of Finance, through the Public Debt Management Office for the issuance of a European bond of one billion euros, which will cover financing needs, which expire within the year.
It is not ruled out that larger amounts will be raised, which will be used to strengthen the cash reserve.
The offer book will open on Tuesday.