Bank of Cyprus raised EUR 300 mn at 4.321%.

Macro/ Political:

• The Overall Industrial Production Index in July 2025 recorded a decrease of 0.5% (y-o-y). The Overall IPI in July 2024 increased by 10.2%(y-o-y).The seasonally adjusted Overall Industrial Production Index in July 2025 recorded an increase of 0.4% compared with June 2025 (m-o-m).
  Source: ELSTAT

Markets:

• GEK TERNA announced that the Board of Directors of the company, resolved on the issuance of a common bond loan, amounting up to EUR 500 mn, with a minimum amount of EUR 350 mn and a duration of 7 years. The offering of the bonds of the Bond Loan to investors in Greece by way of a public offering and the admission of the Bonds to trading on the Fixed Income Securities segment of the Regulated Markets of the ATHEX.
  Source:ATHEX

• Chevron and Helleniq Energy submitted an offer in the international tender for the blocks south of Crete and south of the Peloponnese, securing a place in the next phase of the competition. Specifically, these are the blocks “South of Crete 1” and “South of Crete 2,” with a total area of 35,000 sq. km, and the block “South of the Peloponnese,” with a total area of 11,000 sq. km.
  Source: ATHEX

Markets:

• Bank of Cyprus raised EUR 300mn at a yield of 4.321% (MS + 195 bps) through the issuance of a 11NC6 Tier 2 bond. Demand was very strong with the final orders’ books closing above EUR 3bn.
  Source: Bloomberg