CYPRUS
Macro/ Political:
- Provisional data released by CyStat showed that in the period of January – July 2025 the trade balance was in deficit of EUR 4,567.4 mn compared to a deficit of EUR 4,388.1 mn in the corresponding period of 2024. Total imports of goods in July amounted to EUR 1,263.7 mn (+18.5% y-o-y) while total exports were EUR 564.3mn (+72.7% y-o-y).
Source: CyStat
Markets:
- Bank of Cyprus will proceed with the issuance a EUR 300mn 11NC6 Tier 2 bond. IPT at MS +230 area. Bank of Cyprus also announced the launch on 9th September 2025 of voluntary cash tender offers in respect of its EUR 300 mn Tier 2 due October 2031(ISIN: XS2333239692) at a purchase price of 102.3% of the principal amount of the notes.
