Reuters logo
Bank of Cyprus begins marketing 200m minimum subordinated bond
January 12, 2017 / 9:46 AM / in 10 months

Bank of Cyprus begins marketing 200m minimum subordinated bond

LONDON, Jan 12 (IFR) - Bank of Cyprus has opened order books for a 200m minimum subordinated bond according to a lead.

Bank of America Merrill Lynch, Credit Suisse, Deutsche Bank and HSBC are marketing the 10-year non-call five-year Tier 2 bond at 9.5% area.

The transaction is expected to be rated Caa3 by Moody‘s. Bank of Cyprus is rated Caa2 by Moody’s and B- by Fitch.

It will be priced later today. (Reporting by Alice Gledhill; editing by Alex Chambers)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below